Needs/ Wants
Producers/ Consumers
Types of Economies
Vocabulary
<3 ? Surprise ?<3
100
Which one is a basic need?
A. Bathing suit
B. Ice Cream
C. Water
D. Bicycle
C. Water
100
This is a person who MAKES goods and services
PRODUCER
100
This type of economy is based on rituals and costumes?
A Traditional Economy
100
This is the amount of goods a producer makes
A Demand
B. Supply
B. Supply
100
Identify the economy represented in the picture below
Market Economy
200
Identify the basic needs in this picture
1. Clothing
2. Water
3. Shelter
4. Food
200
Who is the producer in this picture?
The lady in the blue shirt
200
This type of economy is controlled by the Government and Business/ Individuals ?
Mixed Economy
200
This is amount of people that will buy a product that a producer makes?
A. Demand
B. Supply
A. Demand
200
What type of economy is represented in this picture?
Traditional Economy
300
Is this a need or a want?
NEED - Humans need shelter
300
A consumer is a person who _____________ products that producers make.
BUYS
300
In this type of economy the GOVERNMENT controls everything
COMMAND ECONOMY
300
In our economy unit we learned that things that you can consume are called____________
GOODS
300
Looking at the field below what type of economy is represented? 
MIXED ECONOMY : Gov't & Businesses/ Individuals
400
Is this a need or want?
Want
400
Who is the consumer in this picture?
The Lady
400
Who helps people meet their needs and wants in a market economy?
The Businesses and Individuals
400
in our economy unite we learned that things that someone does for you are called ____________
Services
400
What type of economy does this political cartoon represent?
Command Economy
500
What is something that can improve your quality of life but you do not need to survive?
A want
500
what are intangible acts or products fulfilled through the efforts of other people for a price; examples include food preparation, hair styling, photography, etc. called?
Services
500
Good Luck on your test tomorrow, add 500 points to your score
Good Luck on your second history test of the year.
500
What basic economic termis represented in the picture above?
A. Production
B. Consumption
C. Distribution
Distribution: When goods go from Producer to Consumer.
500
We learned in our unit that this when consumers want more than is available is called....
Scarcity