Economics

The amount or quantity of an item that is available.

When consumers have a NEED or WANT for an item.

Difference between the amount of money made from selling an item and the amount that it cost

The reliance (dependence) of producers and consumers on each other for goods and services.

Businesses that sell just one type of product or provide one type of service.

Nickel, gold, trees, silver, coil, and oil are examples of:

When the supply of a good or a service is not enough to meet the demand for it.

A person who takes a risk to start their own business is called an . .

buy a book from the bookstore

getting a haircut

visit the doctor for a physical

Police officers, firefighters, nurses, teachers, and coaches are examples of:

Snowplows School buses Police cars, any goods made to produce goods/provide services are called

You choose the book instead of buying candy. The candy is your ...

purchase a game for a birthday present