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Explore the concepts of producers, consumers, needs, wants, goods, services, and more in this interactive lesson on economics. Learn how communities function financially and the importance of working together.
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A ___________is someone who makes or grows something. producer
A___________ shows the order in which things happen. flow chart
People work to earn money to buy _______ and ________. needs wants
Some of our needs are:________, _______,________, ______,________. food clothes shelter love care
__________ are things we would like to have but can live without. Wants
People use their money to buy many kinds of_______, or _________. goods products
Some examples of goods are_________, _______, ________, and ________. clothes food toys books
A ________is something useful that people do forothers. service
People pay for ___________. services
People that live in a community must pay _______ to that community. taxes
A community pays its service workers with money collected from ______. taxes
Some service workers are: _______, ________ and _________ . teachers policemen firefighters
___________ are workers that do not earn money for their work. Volunteers