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Economics

OH 3rd gr S. St.

TermDefinition
goods Things that people make or grow
services A job that helps others by providing something they need or want
producer Someone who makes goods or services
consumer People who buy goods or services
economy The making and consuming of goods and services
opportunity A chance to do something
employee Someone who gets a job to earn money
employer Someone who hires and pays others for work
product map A map that shows where products are grown
flow chart The sequence of steps in making a product can be determined by following this
benefits something that is of help
costs a loss
Created by: Cerreta
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