Intro to Economics

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

The using up of a resource

• scarcity
• supply
• services
• consumption

another word for money

• barter
• economics
• currency
• price

The making, buying and selling of goods and services

• economics
• inflation
• market
• barter

Individuals who come up with a new idea for a good or service, then they make it a reality

• resource
• human resources
• consumer
• entrepreneur

A general increase in prices

• price
• inflation
• scarcity
• demand

The place where goods and services are exchanged

• barter
• currency
• market
• resource

Something we use from nature

• natural resource
• human resource
• capital resource
• entrepreneur

The amount of money we pay for a good or service

• currency
• price
• inflation
• economics

Something we use

• resource
• scarcity
• demand
• supply