Economics Test #1

buying and using products

someone who buys and uses goods and services

economic study of a whole country or world

people or businesses who make goods or provide a service for people to buy

a way that people can trade with one another or bring consumer and producers together

the amount of something being offered by a producer to a consumer to buy

the amount of something being offered by a producer to a consumer to buy

when there is a greater demand for a product than producers can supply

supplying goods to businesses to be sold

the consumer's need to own the good or service

things that are produced

people or businesses that provide goods and services

making or growing things to be sold

people who buy goods and services

work that is done by other people

when there is a greater supply for something than demand for it

when a person is willing and able to buy a good

economic study of individuals and specific businesses