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