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Economic CrashCourse

Vocabulary - Crash Course in Economics DBQ

TermDefinition
economics the study of how goods and services are provided
producer a person or company that provides goods and services
goods something you can put your hands on; touch
service something provided by another person; can't touch
consumer someone that buys a good or service
need have to have it to survive
profit money left over after expenses have been paid
natural resource grown or found from the earth
human resource people hired to do work
supply the amount of a product
demand the amount of people wanting a product
currency the type of money people use
barter trade
debit cards currency linked to a bank account
credit cards currency used to pay for items later
Created by: wjohnston
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