| A | B |
|---|
| consumer | Person who buys and uses goods and services. |
| demand | Quantity of a good or service that consumers are willing and able to buy. |
| goods | Things that you can see and touch. |
| economic resources | Means through which goods and services are produced. |
| market price | Point where supply and demand are equal. |
| needs | Things that are required to live. |
| producers | Individuals and organizations that determine what products and services will be available for sale. |
| scarcity | not having enough resources to satisfy every need. |
| services | Activities that are consumed at the same they are produced. |
| supply | Quantity of a good or service that business are willing and able to provide. |
| wants | Things that add comfort and pleasure to your life. |
