Goods & Services vocab

____ is the cost of a good or service.

• Good

• Purchasing

• Price

• Bartering

Exchanging goods or services for other goods or services without the use of money is called ____.

• purchasing

• bartering

• service

• good

Using money to get goods or services is called ____.

• bartering

• purchasing

• good

• price

Something you buy to keep, eat, or use is a ____.

• service

• price

• supply

• good

Something you pay someone to do for you is a ____.

• service

• good

• price

• purchasing

The amount of resources in a market is the ____.

• price

• demand

• supply

• good

Money from an income spent on goods and services.

• Expense

• Savings

• Balance

• Income

Money you earn from working.

• Expense

• Savings

• Balance

• Income

Money from an income you purposefully do not spend.

• Expense

• Savings

• Balance

• Income

The amount of money left over (unspent) in a budget.

• Expense

• Savings

• Balance

• Income