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How does supply affect the price of goods and services?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
A need is?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
The United States economy is based on a
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
What is interdependent?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
A consumer is?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
How does demand affect the prices of goods and services?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
If you choose to buy Doritos instead of potato chips, potato chips are your?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
Will bartering help the world economy?
If the business makes too many products then it will cause the price to go down to sell them
If lots of people want an item and companies find it hard to keep up with it, the price will go up
no, because trading does not involve money and will not help the economy
opportunity costs
free enterprise system
A person who buys a good or service
When different states rely on each other for different goods and services
something that is required for survival, food, shelter, water
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