Things that are required in order to live?
The means of not having enough resources to satisfy every need?
A nation's plan for answering the three economic questions?
A person who buys and uses goods and services?
Another name for the economic system in the United States?
The means through which goods and services are produced?
The value of the next-best alternative that you did not choose?
The resources owned and controlled by the people of the country.
Individuals and organizations that determine what products and services will be available for sale?
The right of things you can own, use, or dispose for value?
People producing goods and services?
When you give up something to have something else.
The resources owned and controlled by the government?
Refers to the quantity of a goods and services that businesses are willing and able to supply?
Businesses offering very similar products to the same customer?
Things that add comfort and pleasure to your life?
The process of choosing which wants, among several options, will be satisfied?
Combines elements of the command and market economies?
The point where supply and demand are equal.
The relationship between the price of a product and the quantity businesses will supply?
The products you purchase to meet your wants and needs?
What are the steps of the decision-making process?
1.define the problem
2.identify the choices
3.evaluate the advantages and disadvantages of each choice
5.act on your choice
6.and review your decision.
Another name for the economic system in the United States.
The quantity of a good or service that consumer are willing and able to buy?
The money left over from sales after all of the costs of operating a business have been paid?
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