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