Need
Want
Market
Needs
Wants
Economics
Need
Want
Scarcity
Good
Service
Economy
Good
Service
Command
Good
Service
Money
Land resources
Labor resources
Capital resources
Land resource
Labor resource
Capital resource
Land resources
Labor resources
Capital resources
Market economy
Command economy
Economy
Market economy
Command economy
Economy
Needs
Money
Fun
When there isn't enough resources for everyone to have all that they want
When the government decides to stop selling wants
When people stop buying goods and services
A want is more important than a need
A need is something you cannot live without and a want is something you can live without
People only buy needs
Something you can physically hold and you own it after you buy it
Something you pay someone else to do for you or pay to use for a short period of time
Something that tastes great
Something you can physically hold and you own it after you buy it
Something you pay someone else to do for you or pay to use for a short period of time
Something that is great
How much money you have to pay for something
How much it cost to do something
The real cost of purchasing something - it includes the cost of time and any missed opportunities
Missing his six flags trip
The money used to buy the kinect
The kinect
The study of how we satisfy our wants and needs with the limited resources available
How we get our stuff
The study of maintaining life with the money given to us by the government
Wait!
Here's an interesting quiz for you.