Economics-Fourth Grade

When you ________, you trade a good or service for another good or service.

This person takes a risk to start a business.

I am money you earn by working.

Consumers buy products from __________.

I am money people put away to use later

An example of a natural resource is

Goods made outside this country and shipped here to be sold are ___________.

The government collects these to pay for our police and fire departments.

The price of an item depends on ________ and demand.

To be successful business I must produce goods or services that _________.

_________ buy products from __________.

To be successful a business must...

I am the study of how people use and transfer resources.

I am a plan showing how much you earn and spend.

A company that has more income than ________ makes a profit.

An example of a human resource is ________.

Too much rain has ruined my crop. I have little supply, but the demand is high. Price will ___

Oh my! I made too many cookies. The demand for cookies is low. So I will have to ______

______ is when there are not enough goods or services to satisfy the wants and needs of people.

I am goods made in this country, then shipped to another country.