1. Community and Economy
What is a community?

2. Citizen
A member of a town, city, county (parish), state, or country

3. Community
A place where people live, work, trade, and share

4. Trade Exchange of goods and services FFine, I’ll trade you my shoe.
If you need to borrow a pencil, I need something in return

5. Business
A company that sells goods and/or services

6. Right
The freedom to act in a certain way.

7. Responsibility
A duty

8. Community and Economy
What is an economy?

9. Circular flow
A model of the movement of goods, services, resources, and money in an economy

10. Consumer
Person who buys and uses goods and services

11. Goods
Things people buy and use

12. Services
Work done for others, such as haircuts or car repairs

13. Resources
Things and people used to produce goods and services

14. Human Resources
The skills and abilities of workers used in production

15. Natural Resources
Things used in production that occur naturally in the world, such as water

16. Capital Resources
Resources made by people, such as factories

17. Entrepreneur
A person who uses resources to start a business

18. Ethics
The standards that help determine what is good, right, and proper