Vocabulary Explain Bar Graph Flow Chart Extras
100
a need
Something people must have to live (water, food, clothing, shelter)
100
when there is not enough of something
Scarcity
100
June Bicycle Sales
What is the title of this bar graph?
100
4
How many steps does this flowchart have?
100
a job
What is an occupation?
200
a want
Things people would like but don't need
200
exchange goods and services without money
Barter
200
19 bicycles
How many bicycles were sold altogether?
200
It shows the steps in producing orange juice.
What does this flowchart show?
200
how we spend money
What is a budget
300
a marketplace
A place where good and services are bought
300
money people earn
Income
300
5 bicycles
How many bicycles were sold week 2?
300
The oranges are picked.
What is the first step?
300
We would have fewer goods. Things might cost more money. We wouldn't have all the goods we have now.
What would happen if the USA could not trade with other countries?
400
trading
Exchanging one thing for another
400
someone who buys goods and services
Consumer
400
week 3
Which week had the most sales?
400
The juice taken to the market.
What happens after the oranges are squeezed?
400
A farmer grow their own crops and sell them. (P)
A farmer has to buy seeds and tractors. (C)
Explain how a farmer is a producer and a consumer.
500
free enterprise
The freedom to start and run a business
500
someone who makes, grows, and/or sell goods
Producer
500
week 1
Which week had the fewest sales?
500
It is bought at the market.
What happens after the juice is taken to the market?
500
You would have to word harder by growing or making food and clothes. You wouldn't have all goods (toys, computers, tv, etc)
How would your life be different if your family had to produce all of the goods it wanted?






Unit 6: People in the Marketplace

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