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Flashcards in Economics - Gavin Deck (13):
1

What is the money that someone earns?

Income

2

What is a building where people produce good?

Factory

3

What are jobs that people do to help others?

Service

4

What is it called when we buy, sell, or exchange?

Trade

5

Trains and trucks are a means of ____________.

Transportation

6

In some places, there is a sales _________ on goods you buy.

tax

7

Name 3 natural resources?

1. water 2. coal 3. wood

8

Name 2 human resources?

Police and teachers

9

Name 2 capital resources?

Hammers and trucks

10

Name 3 needs?

Shoes, home, food

11

Name 3 wants?

pet, car, rug

12

Write the names of three service workers.

Doctor, builders, teachers

13

What are two things people can do with their income?

Buy goods and save