Economics Basic Vocab

Economics Basic Vocab

Assessment

Flashcard

Other

2nd - 4th Grade

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

______________ person who uses goods and services

Back

Consumer

2.

FLASHCARD QUESTION

Front

Things you want or need that you can touch: ____________

Back

Goods

3.

FLASHCARD QUESTION

Front

______________ someone who makes a good or provides a service

Back

Producers

4.

FLASHCARD QUESTION

Front

Goods and services essential for survival

Back

Needs

5.

FLASHCARD QUESTION

Front

______________ the performance of work for another person

Back

Services

6.

FLASHCARD QUESTION

Front

______________ good or service we wish to have but aren’t necessary

Back

Wants

7.

FLASHCARD QUESTION

Front

______________ making money after all costs

Back

Profit

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