economics review

Front

What is a good?

Back

things people buy and consume

Front

What is scarcity?

Back

having limited resources

Front

How are saving and spending different?

Back

Saving is keeping your money and spending is buying.

Front

What does a producer do?

Back

They make goods or provide a service for others.

Front

What does a consumer do?

Back

They use the goods and services provided by a producer.

Front

What can you use to save your money in? Options: a car, a bank, garden

Back

a bank

Front

If you want to buy something in the future you will need to....

Back

Save your money.

Front

When you make a purchase you should... Compare the cost of the items first.

Back

Compare the cost of the items first.

Front

What is a choice?

Back

What someone chooses.

Front

Which one is a want? Options: water, clothes, candy

Back

candy