things we must have to live
needs
wants
(things we would like to have)
market
a place where goods are sold
what is a job that you can do at home?
keep your room clean, take care of a pet, etc.
a place to live
shelter
needs
(things we must have to live)
producer
grows or makes goods
what is a job that people have at school?
teachers, principals, cooks.
when we pick between two things
choice
Good
(things people grow or make)
consumer
someone who uses goods and services (buys)
listen, ask questions, learn
when there is not enough of something
scarce
Producer/Consumer
(grows or makes goods, uses goods and services)
save
put it away to use later
What kind of tool does a painter need?
a paintbrush
when you give up one thing to get something else
trade-off
Service
(jobs people do to help others, you pay someone else to do)
borrow
to take something and promise to return it later
Why do people work at jobs?
to earn money or to help others