2nd Economics Vocabulary

Front

How much of something is available

Back

supply

Front

To give something in exchange for money

Back

sell

Front

Things that are necessary to live (example: food, water, shelter)

Back

needs

Front

The amount of money kept in a bank over time

Back

savings

Front

The work a person does to earn money, also called an occupation

Back

job

Front

Someone that uses goods

Back

consumer

Front

Things you can touch and buy (products, merchandise)

Back

goods

Front

Useful work that does not provide any goods

Back

services

Front

A place to keep money safe, a place to borrow money from

Back

bank

Front

How much of something people want

Back

demand