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Economy.- SS Revision

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  • What does it mean to save?
    c) To keep money for later use
  • What is income?
    b) The money people earn
  • What does it mean to spend?
    a) To give money to someone
  • What is barter?
    b) When people trade goods or services without using money
  • What is a job?
    b) Something people do to earn money
  • Who are producers?
    a) People who make things or provide services
  • What are services?
    b) Actions that people do to help others
  • What are needs?
    b) Things people must have to live
  • Who are consumers?
    b) People who buy things or use services
  • What are goods?
    b) Things that people want or need