| A | B |
|---|
| economics | the study of conditions that affect production, distribution, and consumption of wealth or materials to satisfy human desires |
| interdependence | when people depend on each other |
| wants | desires that can be satisfied by consuming a good or service |
| consumer | a person who uses a good or service |
| producer | a person who makes a good or produces a service |
| money | anything that is generally accepted as a medium of exchange to buy goods and services, served as a standard value, and has store value |
| work | effort given to produce or accompish something, particularly to earn one's living |
| specialize | to do a certain job |
| income | money you earn |
| savings | money people set aside as "just in case" money |
| value | how much something is worth |
| wages | payment given for using the services of labor; money people receive for working |
| invest | to spend money on capital goods resources use to produce other goods or services |
| profit | the extra money left after a business pays all costs of production |
