Economic Vocabulary

2. is anything that is accepted as money.
5. is what businesses sell, what people buy, and how business, government, and people spend their money.
7. are money people and businesses have to pay the government.
9. necessity.
11. is someone who starts a business.
15. is when you trade each other's goods and services.
16. bring in goods and services from a foreign country.
18. are things you pay for but can't hold.
19. make things.

1. is a plan for saving and spending money.
3. buy the things producers make. People, businesses, and government can all be consumers.
4. are things you can hold. Hats, bikes, cheeseburgers and cell phones are all goods.
6. is how much goods and services are needed.
8. to send out goods and services to a foreign country.
10. not being able to meet all wants at the same time.
12. are things that a person, government, or business has.
13. have a desire to possess or do (something).
14. sell goods to each other.
17. the amount of money expected, required or given in payment for something.
18. is how much there is of goods and services.