Matching Pairs 6th Grade EconomicsOnline version MCPS - Grade 6 Economic Words. by Marny McGee 1 Interdependence 2 Command Economy 3 Market Economy 4 Economic Resources 5 Human Resources 6 Mixed 7 Specialization 8 Scarcity 9 Money Currency 10 Market 11 Supply 12 Natural Resources 13 Capital Resources 14 Demand 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 government owns most businesses and makes most economic decisions People focus on producing a few things instead of making everything they want by themselves. 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. resources are limited The amount of a good or resource available. How much people want a good or service. A system in which economic decisions are made by individuals, businesses, and government. 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 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. A system in which individuals and businesses make most of the major decisions about production and distribution of goods and services
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