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| Things we would like to have but can live without( video, games,tv's, ipods) |
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| Things we must have to live(food, clothing,shelter) |
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| Something people make or grow and then sell(food, clothing) |
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| jobs that workers do for others ( Car wash, haircut) |
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| The decision to buy one thing instead of another.The thing you choose to buy is your economic choice |
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| giving something up to get something else; what you give up when you make an economic choice |
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| A person who makes a good or provides service |
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| Someone who buys goods or services |
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| Barter economy ( bartering) |
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| Trading of goods and services without money |
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| Buying something using money, what we use today |
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| Al the money a person earns |
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| Putting money somewhere safe so it can be used later |
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| A plan that shows income, spending, and saving |
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| When there isn't enough of something to satisfy everyone's needs and wants . |
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| Items that are useful and needed to run a business |
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| Materials that come from nature: Water, wood, plant, soil , sunshine, coal |
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| The people working to produce goods and services |
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| Machines, tools and buildings that are used to produce goods and services |
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| When a person or group focusses on producing one thing and are very good at it , this encourages trade because want what they don't have |
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