| A | B |
|---|
| Producers | Individuals and organizations that determine what products and services will be available for sale |
| Demand | The quantity of goods and services that consumers are willing and able to buy |
| Scarcity | The basic economic problem |
| Humanresources | Teachers, farmers, pizza delivery people |
| Market | Economic system in which the governments role is most limited |
| Entrepreneur | An individual who takes risks and uses resources in a new way or creates a new product |
| Traditional | Economy usually centered on meeting people's most basic needs |
| Naturalresources | Christmas trees, hogs, turkeys, oranges |
