Money Money
A system of how money is made and used in a country or region
What is Economy
ITEMS made to be sold for money
What are goods
The amount of a good that a company has available
What is SUPPLY
Putting money away for later so you can increase how much money you have for bigger expenses
What is SAVING
IMPORTS
What are goods that are shipped in from another country
A system of MONEY used in a country
What is CURRENCY
Services
ACTIONS performed for money
The amount of desire people have to purchase a good/service.
What is DEMAND
EARNING
What is the money you get for selling one good or service
EXPORTS
What are goods that are shipped out to other countries
Someone who PRODUCES goods and services to earn money
What is a producer
WANTS
What are things you WISH you had, but do NOT need
Giving away your money to buy goods or services
What is SPENDING
INCOME
What is ALL the money you earn for your job
A person who PURCHASES goods and services
What is a consumer
NEEDS
Items and services you HAVE TO HAVE to SURVIVE
Getting money from a person or a bank that you need to pay back
What is BORROWING