At the beginning of this unit, you were given a list of words to study. You will now show your understanding of each word by explaining "The Cost of Fashion", using the words listed below. Underline each word once it has been used. Your teacher will be assessing whether your explanations show an understanding of the words, so be sure to add context around each word.

Words to Use:

economics

products

supply

demand

producer

consumer

cost

opportunity cost

revenue

profit

scarcity

entrepreneur