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