4th grade - Economics

A/An_____ is someone who decides to create or run their own business.

3 Types of Resources

Someone who makes a good or provides a service

3 Types of Economic Systems

natural, human, and capital materials people can use to help meet their needs and wants

the amount of product people actually want or need

Money that you recieve for working is called______.

trading goods without using money

Something found in nature that people can use

What helps to support the economy and make the community more successful?

A list of all expenses and resources available for spending in a month

goods sent to another country to be sold

Which of the following is a challenge when meeting the wants and needs of a community?

Work that one person does for someone else

the tools we use to help us make other things such as tools

______means businesses focus on creating certain types of products or providing specific.

____is when you buy, sell, exchange a good or service for something else you want or need.

Which of the following would be considered goods?

The people who make up the labor force.

things must be paid for the month

A ___ is something that you have to have every day to survive.

Which of the following would be a service?

_____ is not having enough of something

_____is mutually relying on each other to get things done.

everyone giving something up to create a positive solution

________Influeces everyone to care for the things we own.

things that people buy to meet their needs and wants

A ____ is something that you would like to have but can live without.

something that you have to have every day to survive

people who buy goods and services

The products a person gives up is when having to make a choice is ______.

The business of growing crops and raising livestock

3 Types of Banks

Communities work together to produce____.

an economic activity that creates goods in factories