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Economy Grade 3

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  • Things people provide for us a a job
    Services
  • Comes from scarce, which means there isn't a lot of it or it isn't always available
    Scarcity
  • People who buy and use products
    Consumer
  • How much of something is available
    Supply
  • When two or more places depend on each other for some things
    Interdependence
  • A LOT of something
    Abundance
  • Things we like to have but don't need to survive
    Wants
  • People who grow and raise food or make a product
    Producers
  • Anything we use that comes from nature
    Natural Resource
  • Products we buy
    Goods
  • How much of something that people want
    Demand
  • Involves all the producing, distributing and consuming of products and services
    Economy
  • Things we must have to live
    Needs