Chapter 7: Working in Our Communities
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•
Social Studies
•
3rd Grade
•
Hard
Maryann Mwenya
Used 9+ times
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10 Slides • 0 Questions
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Chapter 7: Working in Our Communities
CHAPTER REVIEW
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NEEDS
Things people can't live without.
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WANTS
Things people would really like to have but are able to live without.
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PRODUCERS
Making a piece of furniture, walking a dog, and shoveling your neighbor's snow are all examples of being a producer.
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GOODS
These oranges are an example of goods that a producer sells.
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PROFIT
This is the money that businesses have left over after their bills are paid.
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SUPPLY AND DEMAND
When the supply of something goes up, the price goes down.
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SAVING AND SPENDING
Putting money in a container at home or in a bank for interest are examples of ways to save money.
Buying things you need or want with saved money, a credit card, or a loan are examples of ways to spend money.
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MANY DIFFERENT JOBS
Before beginning to build, a person should think about the whole project first.
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DIVISION OF LABOR
When a job is broken down into smaller parts and each person completes his or her own part.
Chapter 7: Working in Our Communities
CHAPTER REVIEW
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