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WorksheetsEconomics Vocabulary
Total questions: 15
Worksheet time: 8mins
When you give someone an item and they give you something
you want in exchange
Producer
Consumer
Trade
Services
Something found in nature you can use to make something with
Producer
Natural Resources
Trade
Services
When you pay someone to do something for you.
Producer
Natural Resources
Trade
Services
4.The person buying or paying for something.
Producer
Consumer
Trade
Services
4.The person making something or providing a service that
someone pays for.
Producer
Consumer
Trade
Services
6.The item you get when you pay for it.
Producer
Consumer
Good
Services
Goods that are used to produce/make other goods.
Entrepreneur
Capital Goods
Industry
Specialization
Group of companies that are making related things.
Entrepreneur
Capital Goods
Industry
Specialization
Becoming an expert at one skill or subject.
Entrepreneur
Capital Goods
Industry
Specialization
Someone who has the idea and who works to create a product or service
Entrepreneur
Capital Goods
Industry
Specialization
Money spent on buying things like tools to create your good or service.
Natural Resources
Capital Resources
Human Resources
Profits
Workers who help make your good or run your service.
Natural Resources
Capital Resources
Human Resources
Profits
To Trade
Goods
Barter
Service
Profits
Money spent to make a good or provide a service
Expenses
Barter
Service
Profits
Money a business has left after all expenses are paid.
Expenses
Barter
Service
Profits
