Buyers and Sellers
Scarcity and Trade
Currency
Vocabulary
100

These are somethings useful that people do for others, such as a haircut or doctor's visit

Services

100

The number of people who want or need something.

Demand
100

These four characteristics of money make it easy to use in all economies.

Recognizable, Portable, Divisible, and Durable

100

This is the study of how people use money, goods, and services.

Economics

200

This means to swap or give up one item for another

Exchange

200

The amount of something that is available.

Supply

200

This is a system of money.

Currency

200

This is a feature that helps us identify something.

Characteristics

300

Items such as food, books, or video games that people buy.

Goods
300

This is when an item is difficult to find or get.

Scarcity

300

This is the name for US and Canadian paper bills.

Dollars

300
This is a picture that represents something else.

Symbol

400

This is a person who buys goods and services.

Buyer

400

This means to give one item in return for something else.

Trade

400

This is the name for Mexican coins.

Centavos

400

This means that money can be divided into smaller amounts.

Divisible

500

this is a person who sells goods and services to other people

Seller

500

These are in high supply in Florida, due to how well the grow in the warm, sandy climate

Oranges

500

This person appears on the front of the American $1 bill.

George Washington

500

This means money will not fall apart easily.

Durable

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