Economics Unit Test, 09/11/23, Goods, Something you can buy or use., Services, An action someone does for someone else., Consumer, A person who buys and uses goods and services., Producer, A person who makes goods or provides services., Needs, Things we must have to stay alive., Wants, Things we would like to have but do not need for survival., Supply, The amount of something available for consumers., Demand, How much a consumer wants something., Scarcity, Not having enough of limited resources to meet unlimited wants., Currency, Another word for money., Natural Resources, These are resources that occur naturally and can be found in, on, or near the earth. They are used for producing a good or service., Capital Resources, Goods that are made by people that are used to produce other goods and services., Human Resources, The time and effort people spend to make goods or provide services., Entrepreneur, People who start a business., cars, papers, candy, vegetables, teaching, giving a haircut, a mechanic repairing a car, farmers, teachers, coaches, water, land, trees, vegetables, teachers, construction workers, waiter/waitress, buildings, factory, computers