| A | B |
|---|
| producer | someone who produces a service or makes goods |
| consumer | someone who buys goods or services |
| income | the money people earn when they work |
| price | the amount of money you buy when you buy something |
| needs | thing people must have to live |
| wants | things that people would like to have |
| opportunity cost | what people give up when they make a choice |
| benefit | what people get when they make a choice |
| shelter | something that protects or covers |
| goods | things people make or grow |
| services | activities that people can do to help others |
| barter | when people trade goods or services without using money |
| scarcity | not having enough resources to meet people's unlimited wants |
| bank | a safe place where people keep their money |
| savings account | service of a bank that allows people to make interest on their money |
