Economics Vocabulary
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| show | The exchange of something of value.
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| Specialization | show 🗑
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| Interdependence | show 🗑
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| show | The act of combining natural resources, human resources, capital goods and entreprenuership.
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| Consumption | show 🗑
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| Goods | show 🗑
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| Services | show 🗑
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| Market | show 🗑
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| show | The one price at which quanity supplied equals quanity demanded (Also referred to as the equailibrium point).
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| show | The value of the next best alternative given up when a choice is made.
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| Supply | show 🗑
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| Demand | show 🗑
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| show | Goods that are brought into a country as part of trade.
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| show | Goods that leave a country as part of trade.
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| show | The lack of sufficient resources to produce all the goods and services people desire.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mollyb.20
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