income - Money earned regularly for doing a job., goods - Things that can be bought or that someone owns., services - Work done for others for money., earning - To receive money for doing work. , saving - Keeping money for future use., spending - Using money to buy things., producers - Those who MAKE goods or provide a service.., consumers - Those who USE goods and services., resources - Things used to make goods and services., needs - Things we MUST have to survive., wants - Things we would like to have but don't need to live., choice - To make a decision. , barter - To trade goods and services without using money. , money - Coins or bills that people use to buy goods and services., price - The amount people pay when buying a good or service. ,

Economics Vocabulary

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