Economics

Front

_____________ are things that people make or use to satisfy their needs and wants.

Back

Goods

Front

People that make or produce goods.

Back

producers

Front

A teacher provides a _______ to his or her students.

Back

service

Front

_________ is how much of something people want.

Back

demand

Front

A plan for using money:

Back

budget

Front

The amount of something the customers want:

Back

demand

Front

Scarcity means:

Back

Not enough of something you wanted

Front

If 3 people want a candy bar, is there a scarcity?

Back

Yes, there is a scarcity.

Front

What happens when the supply is small?

Back

The price increases.

Front

visiting the dentist

Back

Expense