Demand
Natural Resources
Money Currency
Capital Resources
Market Economy
Specialization
Interdependence
Economic Resources
Human Resources
Supply
Market
Command Economy
Scarcity
Mixed
The human, natural and capital resources people use to produce goods and services
People focus on producing a few things instead of making everything they want by themselves.
How much people want a good or service.
The government owns most businesses and makes most economic decisions
The amount of a good or resource available.
A medium of exchange used to buy and sell resources, goods, or services that has a standardized value and can be stored for future use.
resources are limited
A system in which economic decisions are made by individuals, businesses, and government.
Any place or system that allows buyers and sellers to exchange goods and services.
People, businesses, and nations depend on the goods and services of others to satisfy the wants they cannot satisfy on their own.
The people who make up the workforce of an organization, business sector, or economy.
A material source of wealth that is provided by nature and has economic value.
Goods made and used to produce other goods and services.
A system in which individuals and businesses make most of the major decisions about production and distribution of goods and services
