Chapter 7 Vocabulary

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Across
  1. 5. - a person who buys or uses a product
  2. 12. - value of the thing that you give up when you choose one another
  3. 13. - work that one person does for another
  4. 17. - lets the cardholder buy things and pay for them later
  5. 20. - a person who is needed to produce a good or service
  6. 21. - a project is divided, or broken down, into smaller jobs
  7. 22. - giving a good or service in exchange for a different good or service
  8. 24. - the amount of goods or services that people can sell
  9. 26. - when a person has a special skill and does one job or one part of a project
  10. 28. - money you put into a bank
  11. 29. - things you must have to live
  12. 30. - a promise to pay for something
  13. 31. - to send products and resources from one country to another
Down
  1. 1. - things needed to produce a good or service
  2. 2. - an economy in which the people and private businesses decide what goods to make and buy and what work to do
  3. 3. - when people depend on each other to get what they need and want
  4. 4. - what something is worth to a person
  5. 6. - money a person earns but does not spend
  6. 7. - a person who makes a product
  7. 8. - use money to buy and sell goods and services
  8. 9. - to bring products and resources into one country from another
  9. 10. - not enough of something to meet people’s needs and wants
  10. 11. - things that you would like to have but can live without
  11. 14. - business that keeps, exchanges, and lends money to people
  12. 15. - a lot of something
  13. 16. - things that people make or grow and then sell
  14. 18. - the amount of goods and services that people want and can buy
  15. 19. - a plan that shows your income, expenses, donations, and savings
  16. 23. - the money a bank gives you for letting it hold your money
  17. 25. - money that a bank lends to people
  18. 27. - the money that businesses has left after production costs are paid