Social Studies Study Guide

To make money/salary

• saving

• budget

• earning

income not spent

• earning

• spending

• saving

a plan with how you use your income

• budget

• producer

• saving

purchases goods and services for personal use

• donating

• producer

• consumer

a government fee added to the cost of goods and services

• tax

• profit

• product

help people that do not have enough money, food, shelter, or clothing

• tax

• supply

• community

make something available to someone

• community

• supply

• profit

economic idea referring to consumers who want to buy a product

• goods

• demand

• production

the process of supplying goods to stores

• production

• consumption

• distribution

items that are physical objects such as pens, apples, a hat

• goods

• services

• distribution