Economics Vocabulary - 2nd Grade

Money that is earned from working is called -

• income

• goods

• services

• choices

What are items called that can be purchased and consumed (used)?

• consumers

• services

• goods

• free enterprise

What is the act of doing work for someone called?

• production

• service

• good

• choice

What is a person who purchases goods and uses them called?

• income

• producer

• choices

• consumer

What is making a decision also known as?

• a choice

• free enterprise

• income

• consumer

What type of system gives us choices in how we earn and spend our money?

• production

• free enterprise

• services

• income

What is honoring an occasion also known as?

• freedom

• present

• celebration

• past

What is a practice commonly done by a particular group of people called?

• consumer

• custom

• symbol

• service

What is something that represents something else called?

• service

• custom

• celebration

• symbol

What is the state of being free called?

• choices

• goods

• freedom

• symbols