3rd Grade Economics

Another name for a good or an item is______________.

The money a person earns but does not spend.

The item a person desires but does not need is called a ________________.

The making, buying and selling of things people want and need.

When a product is difficult to get and purchase it is considered  _________________.

The amount of an item that is available is called _____________________.

The value of the thing you give up when you choose another is ______.

The money businesses have left after their costs are paid is called ?

Someone who makes a product or provides a service is called a ___________.

People who use products or services offered are called ________________.

These are things needed to produce goods and services.

When a person or company focuses on one product or service.

To trade without using money is called ________________.

An example of a service is __________________________.

_______________________ are workers that are employed by a company.