3rd Grade Economic Vocabulary

a person or company that makes goods

• consumer

• market

• entrepreneur

• producer

all the activity involved in buying and selling goods and services

• economy

• market

• interdependence

• advertising

an item that is produced for people to use

• resources

• good

• service

• import

goods that are shipped out to another country

• exports

• natural resources

• wants

• imports

dependence on others to get the things that you need

• resources

• demand

• entrepreneurship

• interdependence

something used to make goods and services

• currency

• supply

• resource

• market

materials that come from the Earth that people use to create a product

• goods

• natural resources

• resources

• imports

how much people want to buy a good

• supply

• needs

• wants

• demand

things you must have to live

• wants

• services

• goods

• needs

goods that are shipped in from other countries

• imports

• exports

• supply

• consumers