Matching Pairs 6th Grade EconomicsOnline version MCPS - Grade 6 Economic Words. by Marny McGee 1 Market Economy 2 Command Economy 3 Specialization 4 Human Resources 5 Money Currency 6 Demand 7 Scarcity 8 Mixed 9 Economic Resources 10 Interdependence 11 Capital Resources 12 Natural Resources 13 Supply 14 Market A system in which individuals and businesses make most of the major decisions about production and distribution of goods and services The government owns most businesses and makes most economic decisions A material source of wealth that is provided by nature and has economic value. The amount of a good or resource available. Goods made and used to produce other goods and services. How much people want a good or service. 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. resources are limited People focus on producing a few things instead of making everything they want by themselves. The people who make up the workforce of an organization, business sector, or economy. The human, natural and capital resources people use to produce goods and services 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. Any place or system that allows buyers and sellers to exchange goods and services.
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