Economics Study Guide Flashcards
1
Q
the work someone does to earn income
A
Job
2
Q
money people earn from working
A
income
3
Q
things you must have to live
A
needs
4
Q
things you like, but can live without
A
wants
5
Q
things people make or grow to sell
A
goods
6
Q
work done by someone to help others
A
services
7
Q
people who make or grow a product or provide a service
A
producers
8
Q
people who buy goods nd use services
A
consumers
9
Q
a building where people work to make goods
A
factory
10
Q
the exchange of goods and services without the use of money
A
barter
11
Q
to make something in a factory
A
manufacture
12
Q
the exchange of money for goods and services
A
trade
13
Q
to buy things from another country
A
import
14
Q
to sell and send goods to other countries
A
export
15
Q
people working to make things or help others
A
human resources
