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