Economics Vocabulary

Front

occupation

Back

a person's job where they earn money

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

Front

economy

Back

a system in which goods and services are bought and sold

Front

good

Back

an item you can use, wear, and eat.

Tags

CCSS.L.3.2E

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.5.6

CCSS.L.6.2B

Front

service

Back

an action that someone does for others.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

producers

Back

make and sell goods or services

Front

consumers

Back

buy goods and services

Front

currency

Back

money

Tags

CCSS.L.5.4B

CCSS.L.6.1E

Front

trade

Back

occurs when one thing is exchanged for something else

Front

bank

Back

a business from which people can save or borrow money.

Tags

CCSS.L.5.5C

Front

supply

Back

the amount of a good or service that is available to be used