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5 Cards in this Set
- Front
- Back
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quantity of a product or service that consumers are willing and able to buy at a particular price
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demand
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it refers to the quantity of a good that an average worker can produce in an hour
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Labor(work or productivity)
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something needed by a community and provided by its government
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public good
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it refers to the way you live as measured by the kinds of quality of goods and services you can afford.( much $ u make)
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standard of living
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the quantity of a product or service that businesses are willing and able to provide ar a particular price
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supply
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