Vocabulary
to buy, sell, or exchange goods
What is trade?
What is a factory?
What are needs?
Things people make or grow
What are goods?
Money that people earn
What is income?
to trade goods or services for other goods or services without using money
What is barter?
A way to moving goods or people from place to place
What is transportation?
Things we would like to have
What are wants?
Jobs people do to help others
What are services?
3 things you can do with income
What is earn, spend, and save?
Money that is collected by a government
What is tax?
3 types of transportation
What is a car, truck, bus, train, plane, bicycle, boat, scooter, or motorcycle?
3 things we need to live
What are food, clothes, and shelter (home)?
3 examples of service jobs
What is nurse, doctor, teacher, police officer, firefighter, restaurant server, mayor, President, or barber?
2 ways to save money
What is a savings account and a checking account?
Things taxes are used for
What is building and repairing schools, fire and police departments, or fixing roads?
3 things we want
What are toys, a car, books, games, or pets?
3 examples of goods
What is food, clothes, toys, games, electronics, medicine, or books?
A plan for spending and saving money
What is a budget?