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Economics

SOL 1.8 Economics Vocab for 1st Grade

TermDefinition
money coins or bills people use to buy goods and services
choice picking between two or more things
limited only a certain amount and then it is gone or has ended
needs the things that we must have to live or be safe
wants the things that people would like to have, but can live without
save keeping money to use later instead of spending it right away
spend using money to buy something
goods things you can buy or use
services the work someone does for you
producer a person who makes goods or provides services
consumer someone who buys or uses a service
Created by: user-2026837
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