Economics Vocab

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Author:
ethanjenn
ID:
154039
Filename:
Economics Vocab
Updated:
2012-05-15 19:54:56
Tags:
Economics Vocab Edmunds
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Description:
Economic Vocab
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The flashcards below were created by user ethanjenn on FreezingBlue Flashcards. What would you like to do?


  1. A person who uses goods or services
    Consumer
  2. How much people want a product
    Demand
  3. The freedom of people to enter into any legal business that they wish to work in
    Free Enterprise
  4. Products that can be bought and sold.
    Goods
  5. Things we must have in order o surve...food, clothing, shelter.
    Needs
  6. Someone who makes something
    Producer
  7. Money left over after the goods and the costs of getting them have been paid for
    Profit
  8. Work people do for other people.
    Services
  9. Amount of a product or service there is to be sold.
    Supply
  10. Things people would like to have.
    Wants

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