| A | B |
|---|
| scarity | conflict between unlimited wants and limited resources |
| economics | study of how society chooses to use limited resources |
| opportunitycosts | what is given up when a choice is made |
| supply | relationship between amount of the product and the price |
| demand | relationship between amount of goods buyers are willing to buy and the price |
| marketprice | point supply and demand cross |
| inflation | increase in prices |
| demandpull | demand exceeds supply |
| costpush | increase in business expenses |
