Economics for Kids

A phrase that describes companies competing with each other is:

What is a profit?

Bob is very good at making toy airplanes.  This is his:

A person who comes up with a product or service is an:

My friend cleans houses.  This is an example of a:

Sarah spent $30.00 on supplies for her lemonade stand. She only made $10.00. This is a:  

The ice cream shop was also running low on ice cream cones.  The word that describes this is:

Supply is:

What is economics?

The ice cream shop was out of Rocky Road.  This is an example of:

New shoes are an example of:

Extra money charged by the government to pay for public goods and services is called:

A person who buys goods or services is a:

Demand is:

Anyone who makes or grows a good or performs a service is a: