Java Games: Flashcards, matching, concentration, and word search.

Economics Flashcards

Click on Flashcards. Read the card and say the definition. Click on the card and see if you are right. Then click on "remove card."

AB
consumerSomeone who buys a good or a service
barterTo trade goods or services for other goods or services
economicsThe buying and selling (or trading) of goods and services
goodsThe things that we want or need
serviceSomething that someone does for us.
captial resourcesThings that are made to help produce goods and services. A hammer is a _________.
human resourcesPeople who do the work
natural resourcesThe most basic things that come from nature.
scarcityResources are limited.
opportunity costThe choice we didn't choose
interdependenceWhen two people, regions, or countries, depend on one another for goods and services it is called ___________.
specializationWhen a country or region uses resources and expertise to make a product.



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