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