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Understanding Prosperity Through Government Roles and Freedom of Speech Glossary

Term Definition In My Words… Image
Prosperity Includes money, possessions, opportunities available, your health and wellness, how others treat you, and the freedom to make your own decisions.
Economy The system through which scarce goods and services are dispersed based off of supply and demand
Supply Amount of a product or service a producer or seller would be willing and able to sell over a range of prices at any given time
Demand Combination of quantities that people are willing and able to buy over a range of prices at any given time
Market The means by which goods, services, and ideas are exchanged

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