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12 Cards in this Set
- Front
- Back
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Limited supply and high demand |
SCARCITY |
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Material before being prossesed or manufactured into final form. They are often natural resources. |
RAW MATERIALS |
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Selecting one option out of many |
CHOICE |
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PRICE |
How much the product is sold for |
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The amount of the product available |
SUPPLY |
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They motivate our economic behaivior |
INCENTIVES |
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The consumers desire or willingness to pay for a product |
DEMAND |
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How much of the product is used by the consumer |
CONSUMPTION |
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COMPETITION |
Same thing diffrent brand |
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CURRENCY |
What you pay with |
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ECONOMIC INEQUALITY |
Uneven or not fare |
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MANUFACTURER |
What make the item |
