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1st Grade Economics

TermDefinition
Goods Things that are made or grown for people to buy and use.
Services Work or jobs that someone does to help other people.
Buyer A person who pays money to get a good or a service.
Seller A person who makes, grows, or provides a good or a service to sell.
Scarcity When there is not enough of something for everyone to have what they want.
Choice Picking one thing over another when you cannot have both.
Savings Money that you put away to keep safe and use in the future.
Created by: user-2043683
 

 



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