Econ Vocab Terms

buyer of goods or services

the process by which people and goods move easily across borders

hard to find; not enough to meet demand

over-supply

someone who makes goods or provides services

people focus on producing specific goods

the want to buy a good or service

the quantity of goods or services available for sale

the study or the production, distribution and consumption

people, businesses, and nations depend on eachother

people make decisions about production and distribution

any item that can be bought or sold

process of supplying goods to stores and other businesses that sell to consumers