2nd & 1st Unit 1 School Store

Things that can be bought and sold are called

• goods

• services

• saving

• needs

• wants

Things that you need to live like clothes, food, and shelter are called

• goods

• services

• saving

• needs

• wants

Things you'd like to have, but do not need are called

• goods

• services

• saving

• needs

• wants

Work that is done for others for money is called a

• goods

• service

• saving

• needs

• wants

To put aside money to use later is called

• goods

• service

• saving

• needs

• wants

How much of a product that we want is called the

• producer

• consumer

• supply

• demand

• scarcity

A person who buys and uses goods and services is a

• producer

• consumer

• supply

• demand

• scarcity

The amount of something that you have is called

• producer

• consumer

• supply

• demand

• scarcity

When there is a small supply of something, it is called

• producer

• consumer

• supply

• demand

• scarcity

A person who makes, grows, or sells goods is a

• producer

• consumer

• supply

• demand

• scarcity