milaya, p7, economics vocab

1. there are limited resources available for consumers while the demand is endless
3. the people, or businesses, that make items to sell and provide services
6. the money a person receives for the work they do
10. how money is made and spent in a certain area
12. how much of that product is available for consumers while the demand is endless
15. another word for farming
18. money that is owed to someone else
19. Market a system of buying and selling stocks, or investments, in companies
21. giving money to someone else with the hope of getting more money back
22. prices rising over time
23. costs or things we have to buy
24. small pieces of a company
26. using another person’s money to buy something
27. trading for goods and services
28. a list of income and expenses

2. a system of dollars and coins
4. there are at least two producers who want you to buy their products or services
5. money earned by workers
7. the creation of products
8. prices falling over time
9. products or services sent out of a country to be sold in another country
11. products or services brought into a country for sale
13. how many consumers want to buy a particular product
14. workers focus on one type of work or business
16. protect our resources so we don’t lose them
17. money we pay to the government
20. the people, or businesses, that buy products and services
25. in short supply