Economics

Trading something for something else - no currency involved

• demand
• barter
• goods
• market

The buildings, machines, and tools that companies use to make products

• capital resources

• human resources

• natural resources

• entrepreneurs

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

Tags

CCSS.RL.7.1

CCSS.RI.7.2

CCSS.RL.7.2

CCSS.RL.6.1

CCSS.RI.8.2

The using up of a resource

• scarcity
• supply
• services
• consumption

another word for money

• barter
• economics
• currency
• price

How much people want something

• supply
• demand

The making, buying and selling of goods and services

• economics
• inflation
• market
• barter

A person who comes up with a new idea for a product, and they actually make it and sell it.

• resource

• human resources

• consumer

• entrepreneur

What do we call all of the resources required to make a product (good or service)?

• economics

• consumption

• four factors of production

• scarcity

Something we pay for that we can touch

• goods
• services