FlashcardsEconomics Vocabulary Flashcards
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About:
This 21-card flashcard set covers fundamental economics vocabulary for Grade 5 students. Key concepts include supply and demand, producer and consumer roles, opportunity cost, bartering, savings, and loans. Use it for vocabulary review, classroom drills, or as a study aid to reinforce Chapter 2 concepts in an elementary economics unit.
Terms in This Set
- Needs
- Resource
- Benefit
- Opportunity cost
- Producer
- Income
- Specialize
- Barter
- Supply
- Savings
- Loan
- To use something now and give it back later.
- To keep something to use later.
- How many people want something.
- To buy, sell, or exchange goods or services with someone else.
- Knowing how to do something.
- A person who buys and uses goods.
- Things that people make or grow.
- The price of something.
- There is not enough of something.
- Things we must have to live.
How to Use This Flashcard Set
Print these flashcards for study sessions, test prep, or self-paced review. Click 'View Flashcards' to edit terms, add images, or change the layout before printing.
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