How We Organise Ourselves Vocabulary

What a person gains from buying something.

• Consumer

• Benefit

• Cost

• Money

Someone who buys goods and uses services.

• Producer

• Farmer

• Banker

• Consumer

What a person gives up to buy something.

• Price

• Money

• Cost

• Benefit

The need or desire for a good or service. If there is a demand for something, many people need or want it.

• Demand

• Cost

• Supply

• Benefit

To get money for work done.

• Producer

• Services

• Earn

• Supplier

A thing you can touch that can be bought and sold.

• Services

• Product

• Money

• Good

Anywhere goods and services are bought and sold.

• Retailer

• Market

• Wholesaler

• Distributor

The amount of money people pay for a good or service.

• Earn

• Price

• Money

• Cost

Someone who makes a good or provides a service.

• Consumer

• Manufacturer

• Producer

• Distributor

Things used to create goods and services. Can also be referred to as 'raw materials'.

• Materials

• Resource

• Goods

• Services