Economics Vocabulary

An example of a producer is

In a restaurant, the skillet, stove, deep fryer are examples of

Hatchimals, that were popular at Christmas but hard to find, are an example of a

A police officer, a beautician and a teacher are all examples of human resources who provide

The number of people waiting in line at Toys R Us to buy a Hatchimal would be an example of

A warehouse to store goods is an example of

What happened to the price of Hatchimals when the demand was higher than the supply?

Treehouse foods is a consumer

To produce a good or service it takes natural resources, capital resources and human resources.

Moving haybales is an example of

A truck driver would be an example of a

An example of a natural resource would be

You are a consumer

Wal-mart is a distributor

Gasoline is

Which of the following would be an example of an entrepreneur

The fact that the company did not produce enough Hatchimals means they had a low

An example of a good would be

If the supply of a good was high, but demand was low, what would happen to the price?

A mechanic is an example of a