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Economics - Grade 3

TermDefinition
consumer a person who buys goods or uses services
economics the study of how people use and make money
producer a person who makes, grows, or supplies goods or services
budget a plan for using money
expense something people spend money on
income the amount of money someone receives for doing work
opportunity cost the things that you give up when you make a decision
goods things that people make and use
market a place where people go to buy and sell goods and services
services things that people do to help others
Created by: aminneman
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