Purple Vocab 13 Flashcards
1
Q
Producer
A
A worker who grows, makes, or sells products
2
Q
Goods
A
Things that can be bought or sold. Sometimes they are called products
3
Q
Services
A
Work people do for others
4
Q
Business
A
A place where you can buy goods and services
5
Q
Consumer
A
A person who buys goods and services
6
Q
Factory
A
A building where people use machines to make goods
7
Q
Occupation
A
A job people work at to earn money
8
Q
Income
A
The money that people earn at their job
9
Q
Want
A
Something that people would like to have, but don’t need, or have to have
10
Q
Scarce
A
When there’s not enough of something for everyone who wants to have it
11
Q
Manufacturing
A
In this story, it’s a noun, when products are made by machines
12
Q
Budget
A
A plan that shows how much money you have and how much money you spend
