Vocabulary
Services
Trading Goods and Services
Supply and Demand
Money
100
Knowing how to do something
What is a skill?
100
This service worker protects people in a community
What is a police officer?
100
Any place we trade goods or services is called...
What is a market?
100
How many people want something is called _____.
What is demand?
100
To keep something to use later
What is save?
200
To do something very well
What is specialize?
200
This service worker makes sure you are healthy at school
What is school nurse?
200
Long ago people _____ instead of using money.
What is bartered?
200
How much of something you have is called _____.
What is supply?
200
This helps people set goals for how much money to save
What is a savings plan?
300
To buy, sell, or exchange goods
What is trade?
300
This service worker takes people from place to place in a yellow car
What is taxi driver?
300
Name two things you could trade with a friend.
What is pencils, erasers, etc.
300
If the supply is LOW and the demand is HIGH, what happens to the price?
What is the price goes up?
300
Name one way to earn money.
What is walk the dog, chores, yard work, clean room, etc.
400
To trade goods or services without using money
What is barter?
400
This service worker saves people from burning buildings
What is a firefighter?
400
Producers _____ goods to make a profit.
What is sell?
400
If the supply is HIGH and the demand is LOW, what happens to the price?
What is it goes down?
400
This is when you use something now and give it back later.
What is borrow?
500
Money that you do not spend right away
What is savings?
500
This type of doctor helps animals
What is a veterinarian?
500
Consumers _____ things they need and want.
What is buy?
500
If a store has too much of an item, what can they do?
What is put it on sale?
500
When people borrow money from a bank, it's called a ____.
What is loan?
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