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When a product is valued for more than it is worth,  a bubble is created, it can also pop, deflating rapidly ex. housing bubbles

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Def: the capital raised by a business or corporation through the issue and subscription of shares.
Ex: when a company is doing well, their stock goes up.

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Definition: Making money by selling something for more then it cost to make it.
Example: It cost me 12$ to make my t-shirt but I sold it for 20$ to make a profit.

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Resources or "stuff" owned by the individual or
institution not the government.

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A source of supply, support, or aid, especially one that can be readily drawn upon when needed.

We use a lot of oil from the middle east, which is a resource to us.

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Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants.
ex. diamonds

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benefit that a person could have received, but gave up, to take another course of action.

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Definition: the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.

Example:  A company sets the price of its product at $10.00. No one wants the product, so the price is lowered to $9.00. Demand  for the product increases at the nw lower price point and the company begins to make money and a profit.

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the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion.
Ex:
Sprint V. Verizon

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Def: productive activity, especially for the sake of economic gain.
Ex: going to work to earn money.