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12 Cards in this Set
- Front
- Back
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Scarcity |
High demand but low supply |
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Resources |
Goods used in building the product |
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Choice |
Choosing one out of many |
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Price |
Cost of the product |
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Supply |
Amount of the product |
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Demand |
How many people want the product |
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Incentives |
Motavation |
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Consumption |
How much of the product is used |
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Competion |
Other companies selling the same thing |
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Currency |
The unit of money |
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Economic Inequality |
Uneven income. The gap Between the Rich and poor. |
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Manufacturer |
The person or people who make a product. |
