Economics Vocab

Something nice to have but can live without it

• Needs

• Wants

• Goods

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

What is the study of spending and making money?

• Wants

• Needs

• Economy

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

The price of something

• Benefit

• Cost

• Services

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

An object that is made and can be touched

• Needs

• Service

• Goods

Tags

CCSS.L.5.5C

Something you have to have to survive

• Wants

• Services

• Needs

Tags

CCSS.L.K.5A

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

Acts people do to earn money

• Services

• Goods

• Wants

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Making something

• Production

• Resources

• Goods

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Work

• Cost

• Wants

• Labor

Tags

CCSS.L.K.5A

CCSS.L.1.5A

CCSS.L.1.5B

Citizens can own and run businesses

• Cost

• Economics

• Capitalism

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Businesses have little rules from the government

• Economics

• Free Enterprise

• Goods

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D