Economics Vocabulary

2. Anything you can purchase that provides you a benefit. (Stuff you buy)
4. The amount of a supply left over after the amount demanded is used.
7. Someone who makes or provides the goods and services for consumers to purchase.
8. Someone who purchases or consumes goods and services in an economy.
10. The study of production, consumption, and transfer of wealth.
12. Something you would like to have but do not need to survive.
13. The amount of a good or service that is wanted/needed by the public

1. The point where supply meets demand and a price is set.
3. The amount of goods and services available to the public
4. When the supply of a good or service is lower than the demand needed/wanted.
5. Anything that Consumers pay someone else to do something for them.
6. The way you pay for a good or service agreed upon by government and producer
9. Something you need to survive such as food, water, shelter.
11. Trading goods and services for other goods and services without the use of money