Economics Key Terms

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1.
scarcity
2.
need
3.
want
4.
goods
5.
service
6.
shortage
7.
opportunitycost
8.
tradition
9.
market
10.
command
11.
mixed
12.
economy
13.
demand
14.
laws
15.
income
16.
complements
17.
substitutes
18.
supply
19.
equilibrium
20.
export
21.
import
22.
absolute
23.
comparative
24.
advantage
25.
sanctions
26.
embargo
27.
frictional
28.
seasonal
29.
cyclical
30.
structural
31.
unemployment
32.
inflation
33.
job
34.
career
35.
outsourcing