Economics Vocabulary

________ an activity you pay someone to do for you.

• Services

• Producer

• Goods

• Consumer

_________ trade things for other things without using money.

• Wants

• Barter

• Needs

• Services

________ a person who buys a good or service.

• Wants

• Scarcity

• Consumer

• Producer

________ a person who makes a good or provide a service.

• Producer

• Scarcity

• Services

• Currency

______ things we like to have, but aren't necessary to survive.

• Needs

• Wants

• Consumer

• Producer

______ things like food, water, clothing, and shelter that you can't survive without.

• Consumer

• Needs

• Wants

• Money

______ not having enough of something.

• Scarcity

• Wants

• Bank Account

• Economics

________ a country's system of money.

• Goods

• Bank

• Money

• Currency

_______ to take money out of a bank.

• Withdrawal

• Consumer

• Scarcity

• Income

_______ to put money into a bank.

• Deposit

• Withdrawal

• Bank

• Consumer