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Name 6 goods
various
Give me 4 examples of a service
various
Give me 3 examples of producers
various
Give 4 types of foods that are NEEDS
various
Give a 3 types of foods that are WANTS
various
Give 5 examples of wants
various
Give 3 examples of needs
various
The person who is buying the product
Consumer
A person who makes, grows, or sells something
producer
How much product people want
demand
Work that is done by others for money
service
Money that you earn at work
income
To exchange something for another
trade
The amount of product you have
supply
To give a good or a service for free
Giving
A place to keep your money to keep safe and earn income
Bank
Things that we have to have to survive
Needs
To get money from the bank with the promise of paying it back
Borrowing
Things we would like to have but don't need
Want
Things that you can consume and touch
Good
To put aside some money for later
Saving
Using money to buy goods or services
Spending


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