3rd Grade Economics Terms

Front

The way people buy, make, or sell things is called

Back

economy

Front

Need is something that helps someone _______.

Back

survive

Front

Something that a person can live without

Back

want

Front

A ________ is a person who buys goods or services.

Back

consumer

Front

A ________ is a person/worker that helps to make things.

Back

producer

Front

_________ _________ are materials found in nature that we use to make goods.

Back

Natural resources

Front

To exchange goods or services for other goods or services is called

Back

barter

Front

A budget is a plan for using ________.

Back

money

Front

Work one person does for another is ________.

Back

service

Front

__________ is not having enough of things people want.

Back

Scarcity