WorksheetsPlanet Money Makes a T-shirt Vocabulary
Total questions: 14
Worksheet time: 7mins
the wealth of a country or its way of producing wealth; natural resources such as oil, or human resources such as the workers are both examples
resources
taxes
expenditures
goods used in the production of other goods, such as raw materials, buildings, or machinery, but usually not including land or money
capital resources
human resources
people who have the ability to work; one of the essential components of an economic system
capital resources
human resources
cost of charges for purchases of goods or services: money spent in order to buy or do something else; expenditures
expenses
assets
something valuable or useful; something that has money value
expenses
assets
a person who uses up or buys good and services
consumer
producer
a system in which each worker does a portion of the final job; the total job is broken down into many parts and each is performed by some of the workers
division of labor
gender based division of labor
a person who works for some person or business for pay
employee
employer
a person of business that pays a person or group of people to work
employer
employee
merchandise; things that are sold, material output such as cars, clothing, tools
goods
services
goods and services brought in from other nations for sale or use
imports
exports
goods and services that are produced in one nation and sold or traded to other nations
imports
exports
a business establishment where workers are employed for long hours at low wages or under unfavorable or unhealthy conditions
sweatshop
micro-enterprise
a duty or a tax that a government puts on goods coming into the country
tariff
toll
