Illustrated Glossary Unit 4: Economics

allowance http://images.google.com/imgres?imgurl=http://www.boston.com/yourlife/family/blog/allowance%2520jpg.jpg&imgrefurl=http://www.boston.com/yourlife/family/blog/2007/10/from_my_online.html&usg=__TWoEnaOYRpfotOm0VP-w-5J1atE=&h=234&w=560&sz=15&hl=en&start=1&tbnid=Fgt-ngW0NddZ9M:&tbnh=56&tbnw=133&prev=/images%3Fq%3Dallowance%26gbv%3D2%26hl%3Den%26safe%3Dactive%26sa%3DG http://images.google.com/imgres?imgurl=http://i.ehow.com/images/GlobalPhoto/Articles/14210/allowance_Full.jpg&imgrefurl=http://www.pennywiseguides.com/guide/10-Great-Ways-for-Teenagers-to-Earn-a-Little-Extra-Spending-Money/207&usg=__y3sbCcRK9GIzl_OqZ0O72xPFhxM=&h=399&w=600&sz=101&hl=en&start=2&tbnid=l2X7pXr6-Q_uNM:&tbnh=90&tbnw=135&prev=/images%3Fq%3Dallowance%26gbv%3D2%26hl%3Den%26safe%3Dactive%26sa%3DG http://images.google.com/imgres?imgurl=http://waf.eps.hw.ac.uk/images/WOW/WASHING_DISHES.jpeg&imgrefurl=http://waf.eps.hw.ac.uk/Word%2520of%2520the%2520Week%2520pages/SWOW%2520archive%2520page%25206.htm&usg=__HBF5v4MxSUGj8DxftKk_9vCb6Ps=&h=191&w=206&sz=6&hl=en&start=17&um=1&tbnid=pNcAFP2KdeQtrM:&tbnh=97&tbnw=105&prev=/images%3Fq%3Dwashing%2Bdishes%26hl%3Den%26safe%3Dactive%26um%3D1 http://images.google.com/imgres?imgurl=http://www.allconventioncleaners.com/Image2.gif&imgrefurl=http://www.allconventioncleaners.com/Services.html&usg=__5vnopkca_Ud1fkSw_jeYL02EZ0k=&h=364&w=258&sz=7&hl=en&start=31&um=1&tbnid=dHgWJjLkP_xuRM:&tbnh=121&tbnw=86&prev=/images%3Fq%3Dvacuuming%26ndsp%3D18%26hl%3Den%26safe%3Dactive%26sa%3DN%26start%3D18%26um%3D1 a sum given to you by your parent(s) usually for the completion of chores

one of the decisions you can make choice http://www.unitedwaysb.org/Ice%20Cream.jpg http://images.google.com/imgres?imgurl=http://www.dreamstime.com/adorable-child-thinking-what-to-buy-with-their-sav-thumb7742533.jpg&imgrefurl=http://www.dreamstime.com/adorable-child-thinking-what-to-buy-with-their-sav-image7742533&usg=__AELV5MOJTbLB-lv7NVHp-AfTsI0=&h=350&w=233&sz=45&hl=en&start=24&tbnid=m5XJ-KQR9rcByM:&tbnh=120&tbnw=80&prev=/images%3Fq%3Dchild%2Bthinking%26gbv%3D2%26ndsp%3D18%26hl%3Den%26safe%3Dactive%26sa%3DN%26start%3D18 http://www.thomes.net/toys/images/toys-2.jpg http://img1.tradeget.com/dashndots%5C4Y66JF6F1jackets.jpg one of the decisions you can make

a place where people live, work, or have fun together community http://www.westchestermagazine.com/images/2009/JANUARY/NationalTreasure/OD-Dragon1_Courtesy-ofwww.ryeplayland.org.jpg http://pics4.city-data.com/cpicc/cfiles35439.jpg a place where people live, work, or have fun together

people where we live who provide the goods and services we need community helpers http://www.grimesiowa.gov/Portals/0/Bretts%20Pics/bus-driver.gif http://www.nurseybits.com/MyImages/mailman.gif http://www.cityofriverview.com/riverview/album/Fire%20Dept/Fire_Open_House/Firefighters.jpg http://www.clipartguide.com/_named_clipart_images/0060-0808-2814-4256_Black_Female_Police_Officer_Clip_Art_clipart_image.jpg http://www.scps.k12.fl.us/HR/_img/teacher3.jpg http://www2.istockphoto.com/file_thumbview_approve/1759728/2/istockphoto_1759728-doctor-and-male-nurse-from-top.jpg people where we live who provide the goods and services we need

to make a choice of judgment decide or http://www.mrnono.com/images/ChildThinking.gif http://teacherweb.craven.k12.nc.us/images/84C36E4DDA704FE99C7D5538ED573406.jpg http://www.terracycle.net/media/08-08-14--hugg/08-08-14--hugg_files/playground_photo.jpg to make a choice of judgment

the ability and desire to purchase goods or services demand http://www.freefoto.com/images/09/08/09_08_8---Fruit-and-Veg-Market-Stall_web.jpg http://www.tustinmagazine.com/Carwash.jpgwww.vanseodesign.com the ability and desire to purchase goods or services

things that are grown or made to sell goods http://www.celsias.com/media/uploads/admin/corn_field.jpg http://www.life123.com/bm.pix/basket-weaving.s600x600.jpg http://www.germes-online.com/direct/dbimage/50103983/Growth_Regulator_for_Crops.jpg things that are grown or made to sell

the people and their skills needed to produce goods and services human resources http://images.google.com/imgres?imgurl=http://access.nwifc.org/fishmgmt/images/suquamishsockeye.jpg&imgrefurl=http://access.nwifc.org/fishmgmt/SalmonFisheriesManagement.asp&usg=__Sz7Rh1Y2QOYfkAwpUgdBJ7yZgZE=&h=700&w=525&sz=103&hl=en&start=13&um=1&tbnid=pLCcDBd03Z_zVM:&tbnh=140&tbnw=105&prev=/images%3Fq%3Dfisheries%26hl%3Den%26safe%3Dactive%26um%3D1 http://www.timbersidefarms.com/sitebuilder/images/farm1-760x408.jpg the people and their skills needed to produce goods and services

an amount of money that is earned by working at a job income http://www.flickr.com/photos/oyf/2295916024/ http://www.freefever.com/freeclipart/bill.html an amount of money that is earned by working at a job 10

job work that someone does http://www.fundraw.com/clipart/categories/Jobs/00000118 work that someone does 11

something you hope to do in the future long-term goal something you hope to do in the future 12

needs http://www.teachervision.fen.com/tv/printables/orange/ss-75.pdf things that all people must have to survive (food, shelter, clothing if in a cold climate) 13

the choice you have to give up to get something else opportunity cost http://classroomclipart.com/cgi-bin/kids/imageFolio.cgi?direct=Clipart/Sports/Bowling_Clipart the choice you have to give up to get something else 14

one of the possible choices you can make option http://school.discoveryeducation.com/clipart/category/food.html one of the possible choices you can make 15

what is needed to provide goods and services resources http://www.joe-ks.com/archives_jul2006/WoolCap.jpg http://www.rangr.com/casita_for_web/casita1.JPG what is needed to provide goods and services 16

money saved over a period of time saving http://www.fotosearch.com/illustration/piggy-bank.html money saved over a period of time 17

not enough to satisfy demand scarce http://images.google.com/images?hl=en&safe=active&um=1&sa=1&q=snow+sled&aq=f&oq= not enough to satisfy demand 18

scarcity http://images.google.com/images?hl=en&safe=active&rlz=1T4DMUS_enUS235US242&um=1&q=dog+dish&sa=N&start=20&ndsp=20 the condition that results when people’s wants are greater than the resources available to satisfy those wants 19

select chosen from a number or group Which one do I want? http://images.google.com/images?hl=en&safe=active&um=1&sa=1&q=dogs&aq=f&oq= chosen from a number or group 20

services http://www.historyforkids.org/scienceforkids/teachers/pictures/teacher3.jpg a job a person does to give useful or necessary help to others that doesn’t involve making or selling goods 21

something you hope to do soon short-term goal http://paducahky.gov/paducah/files/u3/Playground.jpg something you hope to do soon 22

enough to satisfy the needs or wants of people supply http://images.google.com/images?hl=en&safe=active&um=1&sa=1&q=grocery+store&aq=f&oq= enough to satisfy the needs or wants of people 23

things that people like to have but do not need to survive wants things that people like to have but do not need to survive

use of one’s strength or ability to get something done work http://www.tetrapak.com/media/globalimagebank/abouttetrapak/foodfordevelopment/Pictures/School_China_2col.jpg use of one’s strength or ability to get something done 25