Economy 2020 | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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A person who organizes, manages, and takes on the risks of a business.

Entrepreneur

The number of consumers who want the goods or services

demand

The way goods and services are produced and consumed

economy

to take money out of a bank account

withdraw

Someone who acquires a good or service

consumer

Police, Teachers, Soldiers, EMS

Public Sector

a medium of exchange that sets a common standard of value

money

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

loan

Coins and paper money printed by the government

currency

The limited amount of resources available

scarcity

The fee charged for the right to borrow money

interest

rising prices over time

inflation

The amount of goods or services that are available

supply

Someone who makes a good or service

producer

money for investment

capital

refers to the entire activity of buying and selling that takes place out in the world

market

A person's source of money, dependent on the ability to produce

income

the action or process of investing money for profit or material result.

investment

to put money into an account

deposit

Money that a bank keeps and does not lend out

reserve

Walmart, Subway, Dollar Tree, Food Lion

Private Sector

all things used in producing goods and services

resources