Topic 1 Lesson 4

It's how people meet their wants and needs.

An organized social institution allowing people to trade goods and services.

People who buy goods or services.

They are helpful actions such as in hospitals and schools.

Physical products like food, clothes, and phones.

It's a plan that shows income and expenses over a period of time.

Desire or need of a certain good or service.

It's the ability to produce goods or services.

The cost of what you have to give up.

People who make and sell goods and services.

Help people save, invest and borrow money, they connect those who have money with those who need it, support economic growth.