Economics Vocabulary

2. to use money to earn interest or income
4. economic system in which individuals control the production and distribution of goods and services
8. when expenses exceed income
10. a good that is brought into one country from another
12. someone who buys and uses goods or services
13. a situation where sellers of similar goods and services each try to get consumers to buy their product
14. Both command and market; governments makes decision
17. the money a person pays to borrow money
18. a plan of how much money a person, business or government is able to spend and how it will be spent
19. a good that is sent from one country to another

1. the people or businesses that provides goods and services is called
3. when something is both desirable and limited
5. intangible items that can be bought and sold
6. Studies the behavior of individuals within economy
7. money bought in buy a business
9. tangible items that can be bought and sold
10. money received on regular basis for work and investment
11. money that a government collects from people and businesses
13. money loaned, usually for a fee, that must be paid back
14. Individual producers and consumers determine what and how things are made
15. A certain amount of product out of a given input
16. A certain amount of input to get a given product
20. money a business makes after paying expenses