Economics Vocabulary

Something that motivates you to buy something, usually at a discounted price, is called:

What is used to make or produce something

The number of, or how many, people who want to buy a product is the:

When the supply is high and the demand is low, the price usually goes up.

How much something costs is the

The amount of a product is available to buy is the:

A decision that you make is called a:

Combining resources to make a product or provide a service:

To buy something is to:

When you make a choice, the thing that you do NOT choose is called the:

When the supply is low and the demand is high, the price usually goes up.

When there are not enough resources for everyone: