Goods:, things that are made for people to buy and use., Services:, work that someone does for us. example, Consumers:, people who buy food and services., Trade:, to give something and then get something back., Demand:, how many people want or need a resource., Supply:, how much of a resource there is for people to buy, Market:, a place where people get what they need and want., Scarcity:, when there is a shortage in supply., Food Banks:, help and give food to people that can not afford to buy it., Limited Resource:, is a resource that is scare, or there is limited amounts of., Save:, to keep some money to spend later., Taxes:, a citizen’s responsibility and are paid when you work., Income, money people earn.
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Economics Study Guide
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Jballadares1
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Economics
Basic Economics
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