Unit 4 Part 1

a person who gets paid to work for someone else

• budget

• employee

• opportunity cost

• income

money a person keeps in the bank

• budget

• income

• producer

• savings account

a person who makes, grows, or supplies goods and services

• producer

• profit

• consumer

• employee

the value of the thing you give up when you choose one thing instead of another

• consumer

• savings account

• opportunity cost

• expense

something people spend money on

• savings account

• expense

• employee

• budget

the way a place (country) uses its money, goods, resources and services

• producer

• economy

• opportunity cost

• budget

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

• economy

• budget

• profit

• expense

the amount of payment someone receives for working

• producer

• savings account

• profit

• income

a person who buys goods or uses a service

• budget

• consumer

• employee

• producer

a plan for using money

• employee

• savings account

• budget

• economy