This bingo card has a free space and 24 words: The study of how people make choices about using limited resources., Things essential for survival, such as food, water, and shelter., Things people would like to have but do not need to survive., The limited availability of resources compared to unlimited wants., The next best alternative given up when making a choice., Factors of production., Land, Labour, Capital, and Enterprise., A person who buys goods and services., A business or individual that makes goods or provides services., The quantity of a good or service consumers are willing and able to buy., The quantity of a good or service producers are willing and able to sell., Demand usually falls., Supply usually increases., A place where buyers and sellers exchange goods and services., A general increase in prices over time., Money received from work or other sources., Income that is not spent., A plan for managing income and expenses., A physical item that satisfies a want or need., An action performed for someone else., Gross Domestic Product – the total value of goods and services produced in a country., When people who want work cannot find a job., An organisation that produces goods or services for profit. and Money left after costs are subtracted from revenue..
Economic | Economic | Economics | Economics Bingo | Intro to Econ Bingo
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