Economics Review

Resources that come from nature: water, soil, trees, coal, etc.

• natural resources

• scarcity

• market

People and businesses who use resources to make goods and services

• producers

• consumers

• resources

Work that is done by others.

• services

• consumer

• economics

What is the study of the way goods and services are made and used?

• market

• geography

• economics

People provide goods and services to...

• earn Dojo points

• earn income

• benefit the common good

Objects that can satisfy people's needs and wants

• goods

• services

• producers

What are taxes?

• money that people have to pay to the government

• free money

• money that people donate to the government

What is a tax?

• Money given to school

• Money paid to government

• Money earned by working

any plant gathered from a field as a harvest during a particular season is called a _____

• abundance

• crop

• consumer

• producer

People who buy or use goods and services to satisfy their personal needs and wants

• consumers

• producers

• resources