Exam (elaborations)
Economics Terms
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Economics Terms natural resources - anything humans use that comes from nature supply - the quantity of goods or services available demand - the desire to buy goods or services scarcity - a shortage or low amount of something abundance - a large amount or quantity, the opposite of scarcity consumer - a person who buys goods and uses services producer - a person who makes goods or provides services wants - things that are not necessary for survival needs - things that are required in order to survive goods - products we buy services - work or jobs done for others interdependence - producers and consumers depending on each other to be successful economics - the study of the production, selling, and using of products
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