Social Studies 3rd Grade Unit 4

someone who gets paid to work for a person or a business

• import

• consumer

• employee

• producer

someone who makes, grows, or supplies goods or services

• employee

• consumer

• producer

• expense

a person who buys a good or uses a service (from a producer)

• consumer

• producer

• employer

• profit

the money a business makes after paying for tools, employees, and other costs

• expense

• income

• budget

• profit

a plan for using money

• profit

• expense

• budget

• income

money someone receives (is paid) for working

• expense

• income

• profit

• budget

something people spend money to buy or to do

• opportunity cost

• budget

• expense

• income

the value of the next best choice when you choose one thing instead of the other

• opportunity cost

• income

• budget

• profit

money that a person keeps in the back that pays interest

• income

• savings account

• profit

• capital resource

the department of a business that deals with hiring, relationships, training etc

• economy

• savings account

• capital resource

• human resource