community economics test

People get jobs because they need to

• Earn money

• Go on vacations

Income is ____.

• Money you get for your birthday

• Money you earn from working

Income is important because _____.

• It helps to pay for wants and needs

• It helps you make friends

Wants are _____.

• Things that you would like to have

• Things that you need to live

Needs are _____.

• Things that allow you to live

• Things that are fun but not necessary

A good is _____.

• When you do well at something

• An item that people buy

A service is _____.

• A place where you sleep

• Work done by someone to help another

  person

Natural Resources are things that _____.

• People make

• Are found in nature

One example of a natural resource is a

• Plant

• Car

A producer is someone who _____.

• Teaches kids

• Makes goods or provides services