Economics Vocab.

Choose the correct Word to the definition:

the place where goods and services are exchanged

• supply

• market

• demand

• school

Choose the correct answer:

Another word for money

• demand

• supply

• income

• economics

What vocabulary term match this meaning?

people who make something or provide a service

Fill in the blank:

Consumers are people who___ or use goods and services

Choose the correct Word to the definition:

trade, such as trading good and services for other goods and services or money

• seller

• consumer

• demand

• exchange

Choose the correct Word to the definition:

People who provide their skills and time to do something, such as a job, to contribute to the economic system.

• Human Resources

• Capital Resources

• Natural Resources

• Resources

What is economics?

• money that is earned

• the study of how people and societies make decisions given the resources they have

• your wants and needs

• not enough of a resource to meet the needs

Identify if this is a good or Service:

Getting a haircut

• Service

• Good

What is a good?

• things that you sell

• things that you buy

• things that you use

• ALL of these

What is a service?

• A trade

• How much of a product, service, or resource is available

• Work done by someone for someone else.

• things that you use, buy, or sell