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As a student, what is the best way to save money?
-
If you pay Anna for washing your clothes, she is providing you a ________.
service
Give 3 examples of wants that make our life easier
car, computer, oven, mobile phone, washing machine, etc.
Who is a distributor?
a person who takes the goods from factories and sells them in the shop of market
It is the amount of money something costs.
price
Goods and services a person must have to survive
needs
A substance used in treating diseases
medicine
People need to this to protect them from bad weather or danger.
shelter
The money a person gets from working is called _________.
income
Who is a producer?
A person who makes goods and offers services.
Who is a consumer?
A person who buys goods and uses services.
What is budgeting?
a plan on how to use (spend&save) money wisely
What are the four basic needs?
food, clothes, shelter, medicine
What do you need to think first, before buying a product?
money
It is a place where your money can grow, and you can keep it safe.
bank
Who consists the elements of economic system?
producer, distributor, consumer
Goods and services that make our life easier and enjoyable.
wants
Odd one out: pilot - ice cream vendor - fireman - teacher
ice cream vendor (goods)
The money a person earn monthly is called ______.
salary
Alex takes lemons from Lemon Farm and sells them in Chatuchak market. Who is Alex?
distributor
When you earn extra money in a savings account, it is called an _________.
interest
Odd one out: banana - dress - noodles - watch
watch (want)


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