Economics Vocabulary Words
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| A team of specialized workers | assembly line
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| To trade one item for another | barter
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| a gain, advantage, or positive result | benefit
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| a plan for using money | budget
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| things make by people that help workers make goods or provide services | capital resources
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| someone who buys goods | consumer
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| any kind of money that people in a country use for trade | currency
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| the amount of something consumers are willing to buy for a certain price | demand
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| the way people make, buy, sell, and use things | economy
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| a person who takes a risk, or chance, and starts a business | entrepreneur
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| to send goods or services to another country for trade or sale | export
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| the right people have to make choices to make, sell, or buy, whatever they want and can afford | free enterprise
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| things people buy or sell | goods
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| the skills, knowledge, and hard work that people bring to their jobs | human resources
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| to buy good or services from sellers in other countries | import
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| money people earn for work | income
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| all of the people and companies that sell similar goods or services | industry
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| depending on each other | interdependent
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| the money a bank pays people for keeping their money there | interest
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| where people buy and sell goods | marketplace
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| things found in nature that are useful to people | natural resources
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| resources that cannot be replaced | nonrenewable resources
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| someone who makes and sells goods | producer
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| resources that can be replaced | renewable resources
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| a lack of goods or services | scarcity
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| work that one person does for another person | service
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| the amount producers will make for a certain price | supply
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| to exchange things with someone else | trade
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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