Revision Game | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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Who consists the elements of economic system?

producer, distributor, consumer

Goods and services a person must have to survive

needs

People need to this to protect them from bad weather or danger.

shelter

What do you need to think first, before buying a product?

money

Who is a distributor?

a person who takes the goods from factories and sells them in the shop of market

It is a place where your money can grow, and you can keep it safe.

bank

Odd one out: pilot - ice cream vendor - fireman - teacher

ice cream vendor (goods)

What are the four basic needs?

food, clothes, shelter, medicine

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

The money a person gets from working is called _________.

income

The money a person earn monthly is called ______.

salary

A substance used in treating diseases

medicine

Give 3 examples of wants that make our life easier

car, computer, oven, mobile phone, washing machine, etc.

What is budgeting?

a plan on how to use (spend&save) money wisely

Who is a consumer?

A person who buys goods and uses services.

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

It is the amount of money something costs.

price

Odd one out: banana - dress - noodles - watch

watch (want)

Goods and services that make our life easier and enjoyable.

wants

Who is a producer?

A person who makes goods and offers services.