Chapter 7: Working in Our Communities

Things people can't live without.

Things people would really like to have but are able to live without.

Making a piece of furniture, walking a dog, and shoveling your neighbor's snow are all examples of being a producer.

These oranges are an example of goods that a producer sells.

This is the money that businesses have left over after their bills are paid.

When the supply of something goes up, the price goes down.

Putting money in a container at home or in a bank for interest are examples of ways to save money.

Buying things you need or want with saved money, a credit card, or a loan are examples of ways to spend money.

Before beginning to build, a person should think about the whole project first.

When a job is broken down into smaller parts and each person completes his or her own part.