3rd grade Social Studies Economic Unit

The person who makes a product.

To trade for goods one needs or wants.

The things a business uses to make or produce a product like computers, machines, and factories.

A person who buys goods and uses services.

The system of how money is made and used within a particular country or region.

A person who starts and runs their own business.

An economy where government places very few restrictions on businesses.

The people who work for a business.

The money made when an investor charges for the money that was borrowed.

The person who takes a risk and loans the company money to produce its product.

The God-made materials needed to make a product - like trees, wheat, iron ore...

Once a company pays off all their expenses the money that remains.

The amount of a product that is available to the consumer.

How much desire there is for a product amongst the consumer

A huge determiner in prices is to analyze ____.

A card that pulls money directly out of your bank account.

A card that allows you to borrow money.

4 departments often used to run a business

Who wrote the Declaration of Independence?

What did the Declaration of Independence state?

What war did the colonists and England fight over the colonists' freedom?

Who was the king of England during the Revolutionary war?

Who was the Continental Army General during the Revolutionary War?