Economics

What does it mean when you save money?

• You buy a new outfit.

• You put money away for later.

• You invent a new good.

• You give money to help animals.

What is a service?

• A job
• Something someone does for you
• A need
• Something you do for another person

What is a want?

• A person
• Something you would like to have but don't need to live
• Purple
• Something you need to live

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What is a need?

• Nothing
• Something you have to have to live
• Something you would like to have
• Ice cream

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What is giving?

• To give a service, a good, or your time for free

• To take something

• To get something with money, trading, or bartering

Income is

• free money

• money given to you

• money that you earn for work that you do

A Bank is

• under your bed

• at your house

• not safe

• a place where you put your money to keep it safe

Money that you put in a savings account______.

• can never be spent

• can earn interest

• will be stolen

• is going to be donated

Taxes is money paid to the

• government

• bank

When you borrow money, it is

• taking it without permission

• when you have to return it

• selling it