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100
The form of money that people in a country use.
What is currency?
100
The things people buy or sell.
What are goods?
100
A specialized team of workers.
What is an assembly line?
100
People use this to pay for the things they need and want.
What is money?
100
When you put money into the bank.
What is making a deposit?
200
Forms of work people do for other people.
What are services?
200
The money people earn for work.
What is income?
200
When people trade goods for goods.
What is bartering?
200
When you take money out of the bank.
What is a withdrawal?
300
A plan for using money.
What is a budget?
300
Negative results.
What are costs?
300
The amount consumers are willing to buy for a certain price.
What is demand?
300
A person who takes a risk, or a chance, and starts a business.
What is an entrepreneur?
300
The money that your money earns when you put it into a savings account.
What is interest?
400
Positive results.
What are benefits?
400
A lack of goods or services.
What is scarcity?
400
The amount producers will make for a certain price.
What is supply?
400
Capital goods; things made by people that help workers make goods or provide services.
What are capital resources?
400
When producers make one special kind of product.
What is specialize?
500
A person who makes and sells goods.
What is a producer?
500
Someone who buys the goods or services sold by a producer.
What is a consumer?
500
Producers need consumers and consumers need producers.
What is interdependent?
500
Skills, knowledge, and labor that people bring to their jobs.
What are human resources?
500
What are human resources, captial resources, natural resources, and entrepreneurship?
What are the types of productive resources?
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