needs

wants

She will save money on shipping.

She will find it easier to get resources.

She will gain more customers.

She will be able to make more products.

occupation

tax payer

volunteer

producer

import

export

cost

benefit

buy goods

sell goods

trade goods

make goods

Early settlers earned money to buy what they needed. Later, they traded with business owners.

Early settlers made and grew everything they needed. Later, it became easier to buy goods and services.

Early settlers bought goods and services from small businesses. Later, businesses grew and gave consumers more choices.

trees, plastic, oil

sunlight, paper, vegetables

fruit, wood, electricity

a truck

wheat plants

milking a cow

knowing how to plant crops

the price of buying something

something used to make something else

giving something up for something else

an item that you need in order to survive

going to the movies

buying what you want

learning good study habits

good habits

a job or work

working for free

an opportunity cost

They copy what their neighbors do.

They were paid to go to school.

They have continued to learn, even as adults.

They spent more time volunteering than studying.

Improving the Library

Improving the School

natural and capital resources

human and capital resources

capital and product resources