click below
click below
Normal Size Small Size show me how
Economics
Term | Definition |
---|---|
scarcity | when something is difficult to get or find |
demand | the number of people who want or need something |
seller | a person who takes money or other items in exchange for things he or she wants or needs |
economics | the study of how people use money, goods or services |
supply | the amount of something that is available |
currency | a country's system of money |
exchange | to trade or give up one item for another item |
buyer | a person who gives money or trades item for things he or she wants or needs |