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3rd Grade SS Unit 6 Chapter 12 Saving and Spending Our Money.

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barterTo trade without money.
mintA place where coins are made.
profitThe amount of money that is left over after all the costs of running a business have been paid.
free marketThe freedom to make and sell any product or service that is allowed by law.
competitionThe contest among businesses to sell the most goods or services.
demandThe willingness of consumers to buy goods and services.
supplyThe products and services that businesses provide consumers.
scarcityWhat happens when the supply of a product is not enough to meet the demand for it.
savingsThe money that people save.
depositTo put money into a bank account.
interestThe money a bank pays people for keeping their money there.
investTo buy something that will grow in value.
budgetA plan for spending and saving money.
cooperativeA group of workers who own a business together.


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