Week 29 Economics Vocab

Front

Economics

Back

The study of how people make goods and services. it is how we earn or spend money.

Front

Goods

Back

Things that people buy and sell.

Front

Services

Back

Work that someone does for someone else.

Front

Consumer

Back

A person who buys goods and services.

We are consumers when we buy things like pizza.

Front

Producer

Back

People who create goods or services for other people.

Front

Money

Back

WHat people earn when they work to buy goods or services.

Front

Spend

Back

To use money to buy goods or services.

Front

Save

Back

To set aside money for future use.