Economics

Wants/Needs

1

Water is a _____.

need

2

Candy is a ______. 

Want

3

Clothing is a _____. 

Need

4

Toys are a ____.

Want

5

Games are a ____________

What is want?

Goods/Services

1

Candy is a ____.

Good

2

A book is a ____.

Good

3

Babysitting is a _____.

Service

4

A dentist provides a _____.

Service

5

A chef is a ______________.

What is service?

Spending/Saving

1

Putting your money in a bank is ____. 

Saving

2

You go to the store to buy food is _____. 

Spending

3

Sally keeps her money is a safe spot until she is ready too use it. Sally is ____. 

Saving

4

Josh got money from the tooth fairy and went to by a new video game. Josh is ____.

Spending

5

I want to attend college.

What is saving?

Consumer/Producer

1

A farmer who grows your food is a ____.

Producer

2

Pat went to a diner and got a hamburger. Pat is a ____.

Consumer

3

Grandma made cupcakes for the bake sale. Grandma is a _____. 

Producer

4

Bob went grocery shopping and bought food. Bob is a ____.

Consumer

5

Baker is a ___________

What is a producer?