Economics Review

3. Economics is mainly about understanding ________
6. The value of the next best option that’s given up when making a choice
8. A system for how people and societies make, trade, and use goods and services, usually with money
9. An individual who buys a product or service for use
10. Actions or tasks that people do for others in exchange for money
11. Using Money now in exchange for goods or services
12. A plan for spending and saving money
14. Things people would like to have to improve their lives, but aren't strictly necessary for survival

1. The limited availability of resources (like time, money, and materials) that people want to use
2. An individual or organization that creates something others can buy
4. A person who builds businesses that make money
5. Putting money aside for a later date
7. Things essential for survival, like food, water, and shelter
13. Physical objects that are produced and can be bought and sold