producer - Someone who makes/sells a good or provides a service, consumer - Someone who buys a good or service, human resources - The workers and people who are needed to make a good or service, natural resources - Raw materials that come from earth, capital resources - Things such as equipment, machines, and money that help workers make goods or provide services, overhead - The money needed to run a business, import - To buy goods or services from sellers in other countries, export - To sell goods or services to people in other countries, wages - The money paid to workers for the work that they do, profit - The amount of money that is left over after all the overhead has been paid, supply - The amount of goods available to the consumer, demand - How much consumers want a good, scarcity - A very low supply of a good, bartering - To trade goods and services for something other than money,

Economics Vocabulary

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