Goods: - things that are made for people to buy and use., Services: - work that someone does for us. example, Consumers: - people who buy food and services., Trade: - to give something and then get something back., Demand: - how many people want or need a resource., Supply: - how much of a resource there is for people to buy, Market: - a place where people get what they need and want., Scarcity: - when there is a shortage in supply., Food Banks: - help and give food to people that can not afford to buy it., Limited Resource: - is a resource that is scare, or there is limited amounts of., Save: - to keep some money to spend later., Taxes: - a citizen’s responsibility and are paid when you work., Income - money people earn.,

Economics Study Guide

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