Social+Studies

﻿﻿ Social Studies

 

﻿We are beginning our next unit, "Economics Everyday". Throughout this unit, students will learn about having to make wise money choices, as well as marketing techniques used by companies. Please study the following words: __Income - __ The money people earn for work. __Budget - __ A plan for using money. __Interest - __ The money the bank pays you for keeping your money there. __Opportunity Cost - __ The thing that people must give up in order to do what they most want. __Competition - __ The effort a seller makes to win buyers. __Scarcity - __<span style="color: #800080; font-family: 'Comic Sans MS',cursive; font-size: 120%;"> A lack of goods or services.

<span style="color: #800080; font-family: 'Comic Sans MS',cursive; font-size: 120%;">Go to [] to study your vocabulary.

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