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10 Cards in this Set

  • Front
  • Back
What is a system for producing and distributing goods and services?
Economy
What are products that are sold to consumers called?
Goods
What is called to supply aid to someone?
Services
What is the amount of a product that is available?
Supply
What is the amount of a product that people are willing to buy?
Demand
What is the amount of a product that people are willing to buy?
Demand
The way we use the goods we produce to satisfy our wants and needs is called what?
Consumption
This word means the way production and consumption of goods and services is divided among many different individuals and groups.
Interdependence
What is money given to a borrower temporarily that must be paid back called?
loan
What is the money the bank pays depositors for the privilege of "borrowing" their money until they need it back again called?
interest