1. Each day you will…. 1. Receive 2 terms and definitions per day 2. Copy a term and definition 3. Write the term in a sentence 4. Repeat At the end of this process, you will take a cumulative test over all of the vocab words. You will be responsible for keeping your paper each week to use as a study guide for the test.

2. Economics The study of the production, consumption and distribution of goods and services Sentence: Money A good used to buy other goods and services Sentence:

3. Consumers People who buy and/or use goods and services to satisfy wants Sentence: Producers People who use resources to make goods and services Sentence:

4. Needs Things you must have to live Sentence: Wants Things people like and desire Sentence:

5. Price The amount people pay when they buy a good or service Sentence: Entrepreneur Someone who takes the risk of producing a product or starting a new business Sentence:

6. Imports The goods and services that consumers in one nation buy from sellers in other nations Sentence: Exports The goods and services that producers in one nation sell to buyers in other nations Sentence: