Economic Terms 6th Word Scramble
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Term | Definition |
barter | direct trading of goods and services without money |
benefits | something good or of positive value to someone when making a choice or decision |
capital resources | goods purchased and used to make other goods or services |
consumer | people who buy, and/or use, goods and services |
cost | the total amount of money, time, and resources accumulated when you make a choice, such as a purchase or an activity |
economics | the study of production, distribution and consumption of goods and services |
economic want | (want) things people like or desire that can be satisfied by consuming a good, service, or leisure activity |
entrepreneur | an individual who takes the risk of producing a product or starting a new business |
exports | the goods or services producers in one nation sell to buyers in other nations |
goods | objects people can hold or touch that can satisfy their economic wants |
human resources | the people who work to produce goods and services (labor) |
imports | the goods and services that consumers buy from sellers in other nations |
Created by:
marydykstra
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