4th Grade Economics

When there is not enough of something it is called...

Things people are paid TO DO for others are called...

Things people are paid to MAKE are called

potato chips, rocking chairs, Oreo cookies, televisions, and doors are all examples of...

When someone combines the factors of production to create a good or service is called

Things found in nature like minerals, fruits, vegetables, metals and water are...

Things someone else makes that you need to produce a good or service are called...

What you give up when you choose something else is called

All of these are Factors of Production except...

Making a good or providing a service is...

The work that people do is called...

Economics is...

<p>Land, labor, capital goods and entrepreneurship are all Factors of Production</p>

Buying or using a good is called...