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14 terms

Ch 8 Lesson 1 3rd grade SS

STUDY
PLAY
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.