| A | B |
|---|
| Good | Something you can touch or hold |
| Service | Something that one person does for someone else |
| Need | Necessities like food, shelter and clothing |
| Want | desires that can be satisfied by consuming a good, service, or leisure activity |
| Market | When goods and services are exchanged for money |
| Borrowing | promising to repay a given amount of money, often with added interest |
| Consumer | a person who buys goods or services to satisfy wants |
| Credit | an arrangement made to pay for goods and services at a later time |
| Lending | to give money temporarily on the conditions of paying it back |
| Taxes | An added amount of money on goods used to pay for government services like roads, parks, schools and fire protection |
| Cost | an amount paid |
| Income | financial gain received as wages/salaries, rent, interest, and/or profit |
| Spending | the use of money to buy goods and services |
| Barter | To trade goods or services without the exchange of money |
| Producer | One that produces, especially a person or organization that produces goods or services for sale |
