Needs and Wants
This is something you need to live, like food or water.
Need
This is something people make or grow to sell.
Goods
This is something we use to buy things, like coins or dollar bills.
Money
This is the name for work that people do to earn money.
A job
When you buy something with your money, you are doing this.
Spending
This is something fun that you might like to have but don’t need to survive.
This is something people do for others, like cutting hair or teaching.
Services
When you trade one thing for another without using money, it's called this.
Bartering
This is what you call the money people earn from working.
Income
If you don’t spend your money, you are doing this instead.
This is a need that keeps you warm and dry.
Shelter
A person who sells goods or services is called this.
A producer
This is the place where people go to buy and sell goods.
Market or Store
A person who helps keep the town safe is called this.
Police Officer
You use this to help plan what to spend your money on.
A budget
You need this to help you get better when you are sick.
Medicine
This person buys goods or services.
A consumer
If something is hard to find, there isn’t a lot of it.
Scarcity
Someone who grows crops or raises animals for food is called this.
A farmer
This is the part of your money that you decide to put away for the future.
A savings
This is a want that entertains you and can be used to play games.
Toy
This is something that you can't touch, but people still pay for it, like getting your car washed.
A service
When people trade with each other, they are doing this.
Exchanging
People use this type of place to save their money.
A bank
When you give money to help others or support a cause, you are doing this.
Donating