Money
Things used to make goods and services
Goods
When there is not enough for all who want it
Wants
Resources
Things people like and desire
Opportunity Cost
To make a decision
Save
Things that can satisfy people's wants
Activities that can satisfy people's wants
The next best choice that you give up
Choice
To keep money to spend later
Needs
Scarcity
Things you must have to live
Services
A good used to buy other goods and services