Economics

Choose what people MUST HAVE in order to live.

• services

• wants

• needs

Choose what people would like to have but DO NOT NEED to live.

• businesses

• needs

• wants

Choose what people make, grow, or sell.

• goods

• services

• wants

Choose something useful that PEOPLE DO for others called.

• scarcity

• service

• opportunity cost

Choose places that make or sell goods and services.

• businesses

• scarcity

• needs

A tree is a natural resource. What good is made from a tree?

• t-shirt

• pencil

• ice cream

Milk is a natural resource. What good is made from milk?

• t-shirt

• pencil

• ice cream

Cotton is a natural resource. What good is made from cotton?

• t-shirt

• pencil

• ice cream

Wheat is a natural resource. What good is made from wheat?

• t-shirt

• pencil

• bread

Choose 2 basic needs we need to live.

• games

• water

• shelter/home

• bike