Ch 8 Lesson 1 3rd grade SS

14 terms by pippinmany 

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earn

to get something, such as money, from working

When you earn money what can you do with it?

Spend it to buy things or save it

producer

person or group who makes products

consumer

person or group who uses products

Producers and consumers depend on

one another.

Crowley is known as

"Rice Capital of America"

Rice producers only earn money when people

buy their rice.

Consumers only have rice to eat when

producers grow rice.

Consumers and producers are often

the same people.

People earn and save money to help them pay for

goods and servies.

Louisiana's economy includes

households, businesses and banks.

Business do what?

Make goods and provide services.

A household is a

family.

Banks

lend money and charge interest on that money.

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