the way people manage money and resources for the production of goods and services
trading of goods and services. People can only do this when each person has what the other person wants. Someone might trade carrot sticks for cookies.
anything that can be accepted for goods and services. Whale teeth. cows, and shells have been used in the past!
money people earn from work
plan for using money. It shows a family's income and how they are going to spend their money.
money the bank pays you for keeping your money in their bank. The longer you save the more you can earn.
things that people have to give up in order to buy what they really want. Mrs. Agee gave up buying the CDs that she wanted to save for a Furby!
effort that sellers try to make in order to get people to buy from them! Wal-mart will match other store's prices so you will buy from them!
the lack of goods and services, when the people that make the goods cannot provide enough of the goods for everyone that wants one. Think of when I could not find the Furby that I really, really wanted in any store!
money is easier to use than bartering. Could you imagine carrying a pocket full of shells? Everyone can agree on what money is worth.