Economics Vocabulary

the job you choose when you grow up

• occupation

• services

• producer

• wants

the money you earn from a job

• goods

• income

• save

• money

items you buy, but don't always need

• services

• goods

• wants

• needs

items you need to buy such as food and clothing

• wants

• needs

• goods

• services

items people grow or make to sell

• goods

• services

• wants

• needs

jobs that people do for others like cutting their hair

• occupation

• human resource

• services

• income

a raw material such as wood used to make a product

• natural resource

• human resource

• capital resource

a person who helps to create a product or good

• natural resource

• human resource

• capital resource

• producer

a tool used to create a product or good

• natural resource

• human resource

• capital resource

• goods

a person who makes or grows goods to sell

• producer

• human resource

• consumer

• community