Community Economics

People get jobs because they need to

• go on vacation

• earn money

Income is...

• money you get for your birthday

• money you take from other people

• money you earn from working

Income is important because

• It helps to pay for wants and needs

• It helps you make friends

wants are

• things you would like to have

• things that you need to live

Needs are

• things that are fun but not necessary

• things that allow you to live

A good is

• when you do well at something

• an item that people buy

a service is

• work done by someone to help another person

• a place where you sleep

Natural Resources are things that

• people make

• are found in nature

Which is an example of a natural resource?

• plant

• car

a producer is someone who

• teaches kids

• makes goods or provides services