kyler keichline econ

5 cards

my economic flash cards


 
  
Created Sep 13, 2011
by
pstanko

 

 
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1
economics?
 
the study of how people make choices from limited resources (because of scarcity) to meet their...
2
demand?
 
how much consumers (people) are willing and able to buy at possible prices.
3
Captial resources?
 
Goods made by people and used to produce other goods and services.
4
scarcity?
 
The condition if not being able to have all the goods and services that we want.
5
choice?
 
What someone must make when faced whit two or more alternatives.

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