the money that people earn from working
income
skills and knowledge people bring to their job
human resource
what kind of resource is corn
natural resource
what is gained by making a decision
benefit
what kind of resource is a tractor
capital Resource
name something that is in low demand right now
various
the form of money people use in a country
currency
name something that is in high demand right now
various
name 3 types of services
various
plan for how how people will spend their money
budget
water, a house, food, carrots, broccoli
need
the money the bank pays you for keeping your money there
interest
the cost that is given up after a decision to buy something is made up
opportunity cost
things that are made or grown
goods
people who buy the goods and services from producers
consumers
a person who starts a business
entrepreneurs
things used by a producer that help them make their goods
capital Resource
things that are grown or found in nature
natural resources
how much people want a item
demand
lack of goods or services
scarcity
shirts, Nike sneakers, a couch, markers
goods
name 3 different goods
various
things that a person would like to have
want
to send out goods to people in other countries
export
when people trade either goods or services with each other
barter
to bring goods from another country
import
someone that makes or sells goods
producer
money that is not spent right away
savings
candy, a bike, Doritos, McDonalds, and an iphone
want
jobs people do for other people
services
nurse, teacher, cop, Wawa worker
service
what kind of resource is a farmer
human resource
things that people have to have to survive
needs