# Social studies

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Could you please check these other sets of terms.

Here are the terms:

scarcity
cost benefit analysis
marginal revenue
needs
incentives
economy
opportunity cost
variable costs
capitalism
marginal cost

food, clothing,shelter, and other things required for survival.

occurs when people lack the resources to produce the things they want.

all activity that together affects making, selling, and using goods and services.

what you cannot buy or do when choosing to do one thing rather than another.

economic model compairng marginal costs and marginal benefits of a decision

economic system in which individuals own the means of production.

something offered in an attempt to get consumers to take certain economic actions.

• Social studies -

100% correct again! :-)

• Social studies -

Thanks Ms. Sue

• Social studies -

You're welcome, Sam.

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