Xavier Osters Ecomany

Question 1

Economics

Answer 1

Making,buying or selling something that people need or want

Question 2

Basic needs

Answer 2

Things people need to survive (food,water,shelter,air)

Question 3

Wants

Answer 3

Are things people would like to have

Question 4

Goods

Answer 4

Things you buy

Question 5

Services

Answer 5

A job a person provides and is paid for

Question 6

Prouduser

Answer 6

Is a person that makes goods or services

Question 7

Consumer

Answer 7

Is a resonant who buys or uses goods

Question 8

Trade

Answer 8

The process of buying selling or exchanging goods and services using money

Question 9

Barter

Answer 9

Exchanging goods and services without money

Question 10

Import

Answer 10

To bring into a place or country from another country

Question 11

Export

Answer 11

Is to send to another place or country

Question 12

Supplies

Answer 12

How much there is of a good and service

Question 13

Demand

Answer 13

How much the goods and services are needed,and wanted

Question 14

Economic choice

Answer 14

Is a desicision to buy one thing and not another

Question 15

Opertonity cost

Answer 15

The choice given up

Question 16

Scarecity

Answer 16

Is a lack of resources

Question 17

Interdependence

Answer 17

People dependent on each other

Question 18

Specialization

Answer 18

Focus on a single product or service

Question 19

Natural resources

Answer 19

Materials that come from nature

Question 20

Capital resources

Answer 20

Goods made by people used to make other goods and services

Question 21

Human Resources

Answer 21

People working to proud UCD goods and services