| A | B |
|---|
| Capital goods | Manufactured or constructed items that are used in the production of goods and services |
| Consumer goods and services | Products produced for personal consumption |
| Consumption | The process or activity of using goods and services; The economic process or activity of using goods and services |
| Demand | The quantity of a good or service that buyers are ready to buy at a given price at a particular time |
| Distribution | The economic process or activity by which income is divided among resource owners and producers |
| Economic goods | Physical objects that are useful |
| Economic resources | The human and natural resources and capital goods used to produce goods and services |
| Economic services | Productive acts that are useful |
| Economic want | A desire for something that can only be satisfied by spending money |
| Economics | The study of how to meet unlimited |
| Elastic demand | A form of demand for products in which changes in price correspond to changes in demand |
| Elasticity | An indication of how changes in price will affect changes in the amounts demanded and supplied |
| Equilibrium | The point at which the quantity supplied is equal to the quantity demanded |
| Excess demand | The situation that exists when demand is greater than supply |
| Excess supply | The situation that exists when supply is greater than demand |
| Exchange | The economic process of trading one good/service for another |
