Chapter 2 Economics

The study of how resources are converted into goods and services and how goods and services are used.
The amount of product offered for sale at a given price.
Cost-benifit analysis
The method decision makers use to compare what they will sacrifice and gain for a specific action.
The amount of a product people will buy at a given price.
non-market value
values not usually included in the price of goods or services. 
tells consumers which brands are made with processes that do not harm the enviornment
ecological economics
a field of economics that links nature to economics
evironmental economics
agrees that economies are unsustainable if resources use not made more efficient.