How well do you know economics vocabulary? Could you pass this quiz? The following are exemplars of the terminology used in economics. In economics, scarcity refers to the state of not having enough of something. Goods are products, materials, and any other physical item that can be purchased, traded, or sold to individual customers. Supply is the number of supplies and services the producers can provide to consumers. This quiz will help you with your economics vocabulary and enhance your knowledge.
Wage
Goods
Services
Profit
Wage
Goods
Services
Profit
Factors of production
Supply and demand
Salary or wage
Producer
Consumer
Entrepreneur
Employee
Supply and demand
Economics
Profit
Factors of production
Expense
Profit
Wage
Salary
Wage and salary
Profit
Factors of production
Supply and demand
Consumer
Employee
Entrepreneur
Expense
Services
Goods
Wage
Consumer
Entrepreneur
Employee
Goods
Salary
Wage
Expense
Profit
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