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