Week 6 Economic Principles

A _ is someone who makes a good or provides a service.

A _ is a person who buys goods or services.

_ is the amount of product that is available.

_ is the amount of product people actually want or need.

A _ occurs when there's a greater supply of something than a demand for it.

_ is not having enough of something.

Purchasing is trading goods without using money.

• True

• False

_ is mutually relying on each other to things done.

_ is when you buy, sell, or exchange a good or service for something else you want or need.

The government's main economic role is to use money and funds to provide _ to citizens