Economics Vocabulary Here are some of the terms students need to know about economics. Choose the words your class will learn. Add more words, too. Look at other grades to see if those words fit your grade, too. K-1 2 3 4 5 6-8 6-8 bakery buy barter agriculture apprentice boycott interest bank coin business cattle assembly line capital invest have consumer consumer cargo boom capitalism nonrenewable help crop cost cash crop boycott cash crop per capita income job dollar demand commerce cash crop conservation policy money factory energy communications depression credit profit need farm government food processing efficiency currency productivity store goods health employer economy debt raw materials street machines market employment export development single source time needs mine goods housing division of labor economy tool office price harbor import economics specialization industrial revolution want oil problem harvest economist standard of living labor union wish pipeline producer income efficiency subsistence market work producer railroad industry embargo economy merchant working resource resource labor excise surplus monopoly sell service worker land use financial tariff poverty service shipping lumber free enterprise taxation stock shopper suburban meat packing gross national value strike store supply producer product value added tariff tools tax production income tax wealth technology trade trade region hunter and gatherer working unemployment train transportation service worker hydroelectric power conditions truck urban shipment industrialization worker workplace transport system inflation union interdependence wage More Resources: http://teacher.depaul.edu Polk Bros. Foundation Teacher Leadership Network DePaul Center for Urban Education ©2004 May be duplicated for use by Connections Schools.