| A | B |
|---|
| Goods | Products that people make or grow |
| Services | Jobs that people do to help other people |
| Need | Something that we need to live or survive |
| Want | Something we would like to get, but don’t need them to live |
| Producer | Anyone who makes goods or provides services (also called sellers) |
| Consumer | Anyone who buys goods and services (also called buyers) |
| Market | The place where goods and services are sold to make money |
| Supply | The amount of good or service that sellers are able to sell |
| Demand | The amount of good or service that buyers are able to buy |
| Natural Resources | Things that come from nature |
| Human Resources | The people who do the work |
| Capital Resources | Tools and equipment the workers use |
| Deposit | To add money to an account |
| Withdraw | To take money from an account |
| Balance | The amount of money that is currently in your account |
| Price | How much a consumer must pay for a good or service |
| Profit | the money left over after all costs are paid |
| export | good and services that are produced in one country and sent to buyers in another country |
| import | good or services produced in another country and brought to our country |
