Category 1
Category 2
Category 3
Category 4
Category 5
100
Air
What is a gas?
100
The thing you give up when you decide to or have something else
What is opportunity cost
100
Someone who buys goods and services
What is consumer
100
A level of comfort a person is able to live at
What is standard of living
100
Someone who sells a produce or service
What is sellers
200
People and the skills and knowledge they bring to their work
What is human resources
200
The buying and selling of goods
What is trade
200
The result of people making the goods they are best able to produce with the resources they have
What is specialization
200
The process of willingly trading one item for another
What is voluntary exchange
200
The act of using money to purchase goods and services
What is spending
300
A tool, machine, or building that people use to produce goods and services
What is capital resources
300
The money a business has left over after all expenses have been paid
What is profit
300
The system used to produce goods and services
What is economics
300
Someone who buys and good or service
What is buyers
300
When a person sets aside earned money for certain items such as bills, entertainment, etc.
What is personal budget
400
A person who starts a business by making and selling a good or service; they take a risk
What is entrepreneur
400
The money it costs to produce a good or service
What is expenses
400
When a company reduces the price of a good or service to encourage consumers to buy
What is price incentive
400
The act of purposely setting money aside for future use
What is saving
400
The result of people making the goods they are best able to produce with the resources they have
What is specialization
500
The money a business has left over after all expenses have been paid
What is profit
500
When a company reduces the price of a good or service to encourage consumers to buy
What is price incentive
500
The process of willingly trading one item for another
What is voluntary exchange
500
A level of comfort a person is able to live at
What is standard of living
500
The system used to produce goods and services
What is economics
M
e
n
u