Economics Review

A need is

• something we must have to live

• something we would like to have

A want is

• something we must have to live

• something we would like to have

Choose a need

• water

• toys

Choose a want

• shelter

• bike

What do we use to buy things?

• clothes

• money

Sometimes we can not have all we want. Then we have to make a _____.

• question

• choice

When there is not enough of something, it is ______

• scarce

• plenty

What are things people grow or make?

• goods

• services

What are jobs people to do to help others?

• goods

• services

Choose a good

• doctor

• bread