The next bestalternativegiven up whenmaking achoice.The quantity ofa good orserviceconsumers arewilling and ableto buy. Things peoplewould like tohave but do notneed to survive.Factors ofproduction. A business orindividual thatmakes goodsor providesservices. The limitedavailability ofresourcescompared tounlimited wants.Incomethat is notspent.Money leftafter costs aresubtractedfrom revenue. The quantity of agood or serviceproducers arewilling and ableto sell.A personwho buysgoods andservices.Moneyearnedfromsales.Land,Labour,Capital, andEnterprise.Demandusuallyfalls. An organisationthat producesgoods orservices forprofit.A generalincreasein pricesover time.Gross DomesticProduct – the totalvalue of goodsand servicesproduced in acountry. The study of howpeople makechoices aboutusing limitedresources. Moneyreceived fromwork or othersources.An actionperformedfor someoneelse.Supplyusuallyincreases.A physicalitem thatsatisfies awant orneed.Thingsessential forsurvival, suchas food, water,and shelter.Whenpeople whowant workcannot find ajob.A plan formanagingincome andexpenses. The next bestalternativegiven up whenmaking achoice.The quantity ofa good orserviceconsumers arewilling and ableto buy. Things peoplewould like tohave but do notneed to survive.Factors ofproduction. A business orindividual thatmakes goodsor providesservices. The limitedavailability ofresourcescompared tounlimited wants.Incomethat is notspent.Money leftafter costs aresubtractedfrom revenue. The quantity of agood or serviceproducers arewilling and ableto sell.A personwho buysgoods andservices.Moneyearnedfromsales.Land,Labour,Capital, andEnterprise.Demandusuallyfalls. An organisationthat producesgoods orservices forprofit.A generalincreasein pricesover time.Gross DomesticProduct – the totalvalue of goodsand servicesproduced in acountry. The study of howpeople makechoices aboutusing limitedresources. Moneyreceived fromwork or othersources.An actionperformedfor someoneelse.Supplyusuallyincreases.A physicalitem thatsatisfies awant orneed.Thingsessential forsurvival, suchas food, water,and shelter.Whenpeople whowant workcannot find ajob.A plan formanagingincome andexpenses.

Economic - Call List

(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
I
2
O
3
I
4
G
5
G
6
N
7
O
8
N
9
O
10
N
11
G
12
O
13
B
14
I
15
N
16
O
17
B
18
G
19
G
20
I
21
I
22
B
23
B
24
B
  1. I- The next best alternative given up when making a choice.
  2. O-The quantity of a good or service consumers are willing and able to buy.
  3. I- Things people would like to have but do not need to survive.
  4. G-Factors of production.
  5. G- A business or individual that makes goods or provides services.
  6. N- The limited availability of resources compared to unlimited wants.
  7. O-Income that is not spent.
  8. N-Money left after costs are subtracted from revenue.
  9. O- The quantity of a good or service producers are willing and able to sell.
  10. N-A person who buys goods and services.
  11. G-Money earned from sales.
  12. O-Land, Labour, Capital, and Enterprise.
  13. B-Demand usually falls.
  14. I- An organisation that produces goods or services for profit.
  15. N-A general increase in prices over time.
  16. O-Gross Domestic Product – the total value of goods and services produced in a country.
  17. B- The study of how people make choices about using limited resources.
  18. G- Money received from work or other sources.
  19. G-An action performed for someone else.
  20. I-Supply usually increases.
  21. I-A physical item that satisfies a want or need.
  22. B-Things essential for survival, such as food, water, and shelter.
  23. B-When people who want work cannot find a job.
  24. B-A plan for managing income and expenses.