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