Econ Vocab for Lemonade War

• a drop in the activity of a business or the economy

organization involved in the trade of goods or services or both  to consumers

• the production, distribution or trade, and consumption of limited goods and services by different companies in a given location

• different between the money people make when they produce and sell a good or service and all their costs of production

organization involved in the trade of goods or services or both  to consumers

• the production, distribution or trade, and consumption of limited goods and services by different companies in a given location

• different between the money people make when they produce and sell a good or service and all their costs of production

• gifts of nature that are used in the production or goods/services

• the production, distribution or trade, and consumption of limited goods and services by different companies in a given location

• different between the money people make when they produce and sell a good or service and all their costs of production

• gifts of nature that are used in the production or goods/services

• goods produced and used to make other goods or services

• different between the money people make when they produce and sell a good or service and all their costs of production

• gifts of nature that are used in the production or goods/services

• goods produced and used to make other goods or services

people who work to produce goods and services

• gifts of nature that are used in the production or goods/services

• goods produced and used to make other goods or services

• people who work to produce goods and services

• in short supply; not enough

• dissolution of a unit, an organization, or a group of organizations

• describe or draw attention to a product, service or event in a public medium in order to promote sales or attendance

• two or more people joining forces to sell a certain amount of goods or to work on a single project

• what people pay when they purchase a good or service 

• this exists whenever people buy and sell goods and services, where prices are determined

• when you make a decision, the most valuable alternative that you give up

rivalry in the marketplace

pricing the same goods for less than the competition

when you make a decision, the most valuable alternative that you give up

• rivalry in the marketplace

pricing the same goods for less than the competition

an object people want that they can touch or hold

1. goods produced and used to make other goods or services

people who work to produce goods and services

1. in short supply; not enough

1. dissolution of a unit, an organization, or a group of organizations

1. people who work to produce goods and services

1. in short supply; not enough

1. dissolution of a unit, an organization, or a group of organizations

1. describe or draw attention to a product, service or event in a public medium in order to promote sales or attendance