things that are made or grown
goods
skills and knowledge people bring to their job
human resource
the money that people earn from working
income
name 3 different goods
various
candy, a bike, Doritos, McDonalds, and an iphone
want
things that are grown or found in nature
natural resources
plan for how how people will spend their money
budget
name something that is in high demand right now
various
water, a house, food, carrots, broccoli
need
to bring goods from another country
import
the money the bank pays you for keeping your money there
interest
lack of goods or services
scarcity
shirts, Nike sneakers, a couch, markers
goods
when people trade either goods or services with each other
barter
things that people have to have to survive
needs
a person who starts a business
entrepreneurs
how much people want a item
demand
name something that is in low demand right now
various
the form of money people use in a country
currency
what kind of resource is a tractor
capital Resource
the cost that is given up after a decision to buy something is made up
opportunity cost
jobs people do for other people
services
money that is not spent right away
savings
to send out goods to people in other countries
export
people who buy the goods and services from producers
consumers
nurse, teacher, police, hairdresser
service
what is gained by making a decision
benefit
things that a person would like to have
want
what kind of resource is corn
natural resource
someone that makes or sells goods
producer
what kind of resource is a farmer
natural resource
capital resource
human resource
things used by a producer that help them make their goods
capital Resource
name 3 types of services
various