the study of producing, distributing, and consuming goods and services.
when people have unlimited needs and wants but there are not enough resources to fulfill them.
something that is MADE or GROWN. Items that we value or desire, they must be tangible (can be touched, tasted or held).
work that someone does for someone else
materials or substances that occur in nature and can be used to produce a good or service
money, tools, equipment used to produce a good or service
people that do the work or labor to produce a good or service