Coins, paper bills, and checks used to buy basic needs and wants (used in exchange for goods and services)

A person or business that supplies goods and/or services

a person who uses goods and services Example: A consumer uses clothes by wearing them

the choice of or decision among alternatives or possibilities

Goods made by people and used to produce other goods and services (hammers, computers, trucks, lawn mowers, machines, factory buildings)

people working to produce goods and services (farmers, miners, builders, painters)

materials that come from nature (water, soil, wood, coal)

Communism/Socialism/Dictatorships are associated with

The United States/Canada/Australia have

True Free Market Economies Exist

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