A specific good or service designed to meet specific wants and/or needs

In economics, the quantity of something on hand or available

The process of manufacturing or growing something

Things that are bought and sold

This refers to work done by professionals such as doctors, lawyers, bricklayers, entertainers, plumbers, etc.

This type of economic system is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system. THERE IS LITTLE TO NO GOVERNMENT INVOLVEMENT.

This type of economic system is one in which the use of resources and other economic activities are based on ritual, habit, or custom. Farming, hunting, and gathering have been done the same way for generations, and economic activities are generally centered around the family. BEFORE THE CIVIL WAR, THE AMERICAN SOUTH IS AN EXAMPLE.

This type of economic system is where the government determines what goods should be produced, how much should be produced, and the price at which the goods will be offered for sale. This type of economy is a key feature of any communist society. NORTH KOREA AND CUBA ARE EXAMPLES OF THIS TYPE OF ECONOMY.

The amount of interest in a good or service.

The study of the way money, goods, and services are made and used in society.

A group of things that work together in an organized way.

An economic system where businesses seek to make a profit by selling goods or services. This is also known as a free market economy.

To deliver products to various places.

This refers to items that are necessary for survival.

A person who uses a product or a service.

This exists when the supply of something is greater than the demand.

Money that people and businesses must pay in order for the government to be able to provide services such as police, fire protections, schools, etc.

Not enough of a good or service to meet the demand.

The most valuable alternative given up when an economic choice is made.

To trade by exchanging another good or service rather than by using money.

The difference between revenue and the cost entailed in producing or selling a good or service. In other words, the amount of money you make after deducting the cost of production.

The money that a government gets from taxes and other sources; the money an individual or business gets from selling goods or services.

Ready to be used or bought.

To use something up.

This refers to items which are nice to have but are not necessary for survival.

A place where people buy and sell goods or services; a demand for something.

trees, oil, gas, water

A business that has more expenses than income has a ___.

Giving everyone a different job is called ___.

A thing's ___ may make its price higher.

The price of a thing depends on supply and ___.

A ___ buys goods.

The government's expenses are paid with ___.

A tractor is a ___ resource.

The special skills a worker gains through education or training are called ___.

Goods made outside this country and shipped here to be sold are called ___.

A business that has more income than ___ has a profit.

This is a method of production in which a particular job is finished before the product moves on to the next person.

A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

A person who establishes an enterprise with the aim of solving social problems or effecting social change.