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Financial Literacy

6th Grade Financial Literacy 2025

TermDefinition
Goods Physical products that people buy, such as food, clothes, and toys.
Services Actions or tasks that people do for others, like haircuts, tutoring, or car repairs.
Marketing The process of telling people about products or services and trying to get them to buy or use them.
Advertising A way of promoting a product or service to the public, often using TV commercials, online ads, or posters.
Credibility The quality of being trustworthy or reliable. For example, a person or company with credibility is known to give honest and accurate information.
Funding sources The places or ways money is obtained to pay for something, like loans, savings, or donations.
Price The amount of money you pay to buy a good or service.
Supply The amount of a good or service that is available for people to buy.
Demand The desire or need people have for a good or service. If many people want something, the demand is high.
Consumer A person who buys and uses goods and services.
Budget A plan for how to spend and save money. It helps you decide how much money to use for things like food, entertainment, and savings. A budget makes sure you don’t spend more than you earn.
Created by: user-1923203
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