Words and Phrases Related to the Study of Economics which About Which Young Children Might Learn

This list is only a beginning. Choose words which will be meaningful and important for the students in your area.

Actual production

Assembly line

Borrowing capital

Consumers

Cost effective

Demographics

Distribution niches

Durable goods

Equipment

Fax machine

Finding a niche

Gap

Getting copyright protection

Going outside for services

Goods

Growth and expansion

Income

Inflation

Innovative product

Interdependence

Interest

Labor

Market place

Market research

Medium of exchange

Need

Nondurable goods

Not friends and family but potential customers

Possible market and opposition

Producers

Product niches

Productivity

Products

Profits

Prototype

Quality control

Raw materials

Resources

Retail

Salary

Savings

Scarcity

Searching for a niche in the market

Services

Software/hardware

Surplus

Taxes

Transportation

Wants/needs

Wholesale