unit 5-Running a Business in the Community (Social Studies)

setting aside money for future use

• allocate

• spending

• saving

• earning

getting paid for work done(income)

• earning

• spending

• allocate

• budget

using money to purchase goods and services

• demand

• supply

• scarcity

• spending

to set aside for a special purpose

• allocate

• budget

• profit

• loss

a plan for making and spending money

• donating money

• budget

• production cost

• profit

giving money without receiving anything in return

• budget

• production cost

• profit

• donating money

items purchased to satisfy needs and wants

• services

• demand

• goods

• production

actions or activities that one person performs for another

• allocate

• services

• goods

• supply

the creation of goods and services

• production cost

• production

• selling price

• goods

the desire to own something and the ability to pay for it

• supply

• profit

• earning

• demand