food, clothing and shelter

video games, televisions, toys

A plan for how much money will be spent on each type of item that a person must buy.

You set the table, your mom makes dinner, and your brother loads the dishwasher. This is an example of:

Which item might someone need to borrow money from the bank in order to buy?

People earn money for their work. Their work is called _______.

A card used to pay for items that comes directly from your bank account.

Money that is paid to the government.

When a company does one thing VERY well. For example, Starbucks and coffee.

Scarcity _______ prices.

A surplus ________ prices.

The total amount of a product that a company is willing to produce.

The amount of a product that consumers are willing to purchase at a certain price.

Tools used for making things.

A person that earns more money will pay more sales tax on the items they buy than a person that earns less money.

The United States has a __________.

A family decides where they want to buy new furniture and what store they will buy it from. This is called ________.

A percentage of the total amount of money a person has in their savings account that the bank pays into their account.

When people need to buy an item, they want to get the best deal. People will look at several stores for similar items to find the one they would like to buy. This is called: