What is income?
the amount of money you get when you work
True or False: Services are provided for you by other people.
True
Is a place where you can save your money
bank/piggy bank
What do fire fighters, policemen and soldiers have in common?
provide public safety services
Needs that are absolutely essential for survival
basic needs
Why is saving money important?
-
What should be satisfied first? needs or wants
needs
What is the first thing you need to consider before buying a product?
money
How do people earn money?
by working
When you keep your money in a piggy bank, you are ______ money.
saving
Who is a distributor?
takes the goods from the factories and sells in the shop or market.
This is the amount of money something costs.
price
Things that you must have to live
needs
When you purchase a roblox game, you are a ___________.
consumer
What are wants? Give 3 examples of wants
Things we don't really need but we would like to have.
When you buy things or goods, you are _______ money.
spending
Services for the protection and welfare of people
public safety service
A Coach factory who makes exquisite and expensive bags is an example of _____.
producer
What is budgeting?
a plan on how to use money wisely
Dylan purchases 500 pairs of Nike shoes in the outlet and sells them in JJ Green night market. Who is Dylan?
distributor
Who is a consumer?
A person who buys goods and uses services.
The four basic needs are ______________
food, shelter, clothes, medicine
If you save 10 baht every day, how much money can you save in 7 days?
70 baht