Economics Vocabulary- 3rd Grade

how much of a good can be had

• resource

• supply

• economy

• demand

a person or company that makes goods

• consumer

• market

• entrepreneur

• producer

all the activity involved in buying and selling goods and services

• economy

• market

• interdependence

• advertising

a place where people buy and sell goods

• entrepreneurship

• economy

• resource

• market

an item that is produced for people to use

• resources

• good

• service

• import

goods that are shipped out to another country

• exports

• natural resources

• wants

• imports

dependence on others to get the things that you need

• resources

• demand

• entrepreneurship

• interdependence

something used to make goods and services

• currency

• supply

• resource

• market

people who take the risk to organize resources in order to start a business

• market

• entrepreneurship

• economics

• services

materials that come from the Earth that people use to create a product

• goods

• natural resources

• resources

• imports