Vocabulary Part I
What do you call the amount of money you pay to buy something?
What do you call a safe place to keep your money?
Bank
What do you call someone who buys, uses, or eats things?
Consumer
How many dogs do the students have?
6
What do you call activities that people do to help other people? These are often people's jobs.
Services
What do you call the buying, selling, and exchanging of goods and services?
Trade
What do you call a building where people work to make goods?
Factory
Producer
How many birds do the students have?
2
Name anything someone could do or be to earn an income.
Any job or service is acceptable - teach/teacher, doctor, lawyer, plumber, professional athlete, babysitter, writer, actor, etc.
What do you call something that protects or covers someone?
Shelter
What do you call things that people would like to have?
Wants
A farm worker is an example of what KIND of RESOURCE?
Human resource
How many cats do they have?
4
What word means when a farmer chooses to grow mainly one type of crop?
Specialize
What do you call things you can touch that people make or grow?
Goods
What do you call exchanging goods and services without using money?
Barter(ing)
Soil, trees, and water are examples of what KIND of RESOURCES?
Natural resource(s)
Do the students have more dogs or fish?
Fish
Name any resource that there is a SCARCE amount of on Earth.
Water, oil, gas, coal, etc.
What word means when there is not enough of something?
Scarcity
What do you call the money people work to earn?
Income
Machines, trucks, and tools are examples of what KIND of RESOURCE?
Capital resource(s)
Do the students have more dogs or cats?
Dogs
What do you call the small amount of money that banks add to a savings account each month?
Interest