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Economics terms

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  • something people do for other people
    services
  • bringing goods or services into a country for sale
    import
  • a person who uses a good or a service
    consumer
  • the best thing you give up to get something you want
    opportunity cost
  • people working to produce goods or services
    human resources
  • goods made by people that used again and again to make goods and resources
    capital resources
  • a person who provides a good or service
    producer
  • the amount of something available to consumers
    supply
  • material that comes from nature
    natural resources
  • what happens when there is not enough of something you need or want
    scarcity
  • sending goods or services to another country for sale
    export
  • other term for trade
    barter
  • how much consumers want something
    demand
  • people working to produce goods or services
    human resources
  • something people make or grow that you can touch
    goods
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