Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account


not enough

natural resources

things in nature that people see as useful

human resources

workers and their skills

capital resources

things that are used to produce more goods and services

opportunity cost

when you make a choice, it is the second thing you wanted most


someone who makes goods and services


someone who buys goods and services

market economy

the kind of economic system we have in our country


consumers' willingness and ability to purchase a good or service


the amount of a product or service that is available for consumers to buy


when businesses sell the same good or service


trading goods and services with others for other goods and services or for money

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording