Relier Pairs 6th Grade EconomicsVersion en ligne MCPS - Grade 6 Economic Words. par Marny McGee 1 Market Economy 2 Supply 3 Capital Resources 4 Specialization 5 Scarcity 6 Economic Resources 7 Natural Resources 8 Mixed 9 Human Resources 10 Demand 11 Command Economy 12 Market 13 Interdependence 14 Money Currency Goods made and used to produce other goods and services. People, businesses, and nations depend on the goods and services of others to satisfy the wants they cannot satisfy on their own. The amount of a good or resource available. People focus on producing a few things instead of making everything they want by themselves. The people who make up the workforce of an organization, business sector, or economy. Any place or system that allows buyers and sellers to exchange goods and services. resources are limited How much people want a good or service. The human, natural and capital resources people use to produce goods and services A system in which economic decisions are made by individuals, businesses, and government. A system in which individuals and businesses make most of the major decisions about production and distribution of goods and services A medium of exchange used to buy and sell resources, goods, or services that has a standardized value and can be stored for future use. A material source of wealth that is provided by nature and has economic value. The government owns most businesses and makes most economic decisions
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