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