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12 Cards in this Set
- Front
- Back
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scarcity |
low supply and high demand |
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raw materials |
the ingredeint in it's original form |
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choice |
selection of one thing from many |
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price |
how much it sold for |
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supply |
the amount of product avalible |
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incentives |
econimic behavior motivator |
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demand |
the consumer's willingness to pay |
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consumption |
how much of a product is used |
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currency |
the money system |
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economic inequality |
the gap beetween rich and poor |
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manufacturer |
company that owns the factory that produces the goods |
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competition |
two or more brands selling similar things |
