Matching Pairs 6th Grade EconomicsOnline version MCPS - Grade 6 Economic Words. by Marny McGee 1 Command Economy 2 Economic Resources 3 Natural Resources 4 Capital Resources 5 Interdependence 6 Supply 7 Specialization 8 Demand 9 Money Currency 10 Human Resources 11 Market Economy 12 Market 13 Scarcity 14 Mixed The amount of a good or resource available. 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, 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 individuals and businesses make most of the major decisions about production and distribution of goods and services 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. resources are limited A system in which economic decisions are made by individuals, businesses, and government. Goods made and used to produce other goods and services. 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 How much people want a good or service. A material source of wealth that is provided by nature and has economic value. The government owns most businesses and makes most economic decisions
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