SS- T2- Unit 3 Economics Study Practice

NEEDS are things we

• don't really need but would like to have
• must have in order to survive

WANTS are things we

• don't really need but would like to have
• must have in order to survive

Which do you NEED to survive?

• toys
• home/shelter

Which is a WANT we would like to have but do not need to survive?

• candy
• food

Someone who buys goods is a

• salesman
• need
• consumer
• resource

Someone who makes and sells goods is a

• producer
• wants
• resources
• customer

Pick three people who are a producer

• customer
• farmer
• carpenter
• baker

People make goods to earn money. Money people earn is called _________________

• tasks
• income
• resources
• goods

Something that comes from the Earth is a______________________.

• Natural Resource
• Human Resource
• Captial Resource

What is capital resource?

• blueberry
• strawberry
• worker
• tractor