Economics Vocabulary

What is income?

• When you come in the door.

• Money you spend.

• Money you earn.

• Money.

What are goods?

• Things that can be sold.

• Kids who make good choices.

• Good things you can buy.

• People who work for a salary.

What is a consumer?

• A person who sells things.

• A person who buys things.

• Payment for a job.

• A person who eats a lot.

What is currency?

• When things are done right now.

• Buried treasure.

• The money that is used in a country.

• Your salary.

What is economy?

• Buying things at a market.

• Money

• Being careful to recycle and reduce and reuse.

• The system of how money is made and used in a country.

What is a budget?

• A plan for how money will be saved and spent.

• A kind of car.

• Money

• When you sell things at a market.

What are savings?

• Rescued money or businesses.

• When you open a business to sell goods.

• More than one saving.

• Money you put aside for a future use.

What are services?

• Things you can sell.

• Any work done for money.

• You get them when your business is successful.

• How a government makes and manages money.

What is a producer?

• Vegetables.

• Someone who buys goods.

• Someone who creates and sells goods and services.

• Someone who buys services.

What is spending?

• The act of buying something.

• Putting money aside for a later use.

• Saving currency.

• The money used in a country.