Economics Vocabulary | Baamboozle - Baamboozle | The Most Fun Classroom Games!

Which word means "to sell goods or services to people in other countries"

exporting

Which word means "to buy goods and services from sellers in other countries"

importing

Which word means "the amount of money that is left over after the overhead has been paid"

profit

Which word means "the money workers are paid - which is part of the overhead"

wages

Which word means "the money needed to run a business"

overhead

Which word means "a building where workers make goods"

factory

Which word means "when workers add one part to a product as it passes on a moving belt"

assembly line

Which word means "the raw materials that come from the earth - the raw materials that are not man made"

natural resources

Which word means "the workers needed to make and sell goods and services"

human resources

Which word means "equipment and machines that help workers make goods and provide services"

capital resources

Which word means "when there is too much of a product or service available"

surplus

Which word means "a very low supply due to a disaster such as a freeze, fire, hurricane, or tornado"

scarcity

Which word means "how much customers want a good or service"

demand

Which word means "the amount of goods or services available to the customer"

supply

Which word means "someone who uses or buys goods and services - for example shopping and haircut"

consumer

Which word means "someone who makes or provides goods or services - for example a farmer or a barber"

Producer

Which word means "work that someone does for someone else - for example, doctors and dentists"

services

Which word means "things that are made or grown - for example clothes, cars, and food"

Goods