Economics Basics

__________ are people who BUY goods or services.

________ are people who make, grow, or sell things.

To make goods in large amounts is to

__________ are things you MUST have to survive, like food, clothing and shelter.

To exchange things without using money to get what you need is to

Which of these is NOT an example of a "good"?

In the winter, strawberries become ______ because they are hard to find.

When you pay for WORK that is done by others, you are paying for a service.

A plan to show how much money you have and how much you can spend is a

Which of these is NOT an example of a service people pay for?

THINGS that can be bought and sold are called goods.

________ are things you WOULD LIKE to have, like pets, video games, or a new car.

The money people earn working for a living is called

A waiter, cook and hostess are all examples of ____________ in a restaurant.