Matching Pairs Economics MatchingOnline version Match the vocabulary word to its definition by Kathleen Flynn 1 2 3 4 5 6 7 8 9 10 Private enterprise (idea for a business) scarcity - when many people want to buy a product that is in low supply Resources - natural materials (including animals and humans) that can be used by people. Consumer - people that buy goods and services Property- items own by individuals or private businesses Profit - amount of money leftover after all expenses of doing business have been paid. Competition - when businesses try to win the customer Economics - the study of how people (and nations) choose to spend their resources to meet their needs and wants Supply - amount of product available Demand - the amount of people that want to purchase a product.
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