Economics

Cloze
Reading
Freebies!

© Teaching Curious Kids

 Economics Cloze Reading
Name: ____________________________ Date: __________
Use the words at the bottom to fill in the blanks in the text about
economics. Use context clues!
Economics are how society uses its limited resources. People go

to work to earn an . This money helps families buy

what they like food, water, shelter, and clothes.

Items like toys, candy, crayons, and eating at a restaurant are

things people may to spend their money on.

Stores are in for your money, because people

have limited resources to spend. We can’t buy everything we

want! Sometimes we have to make a choice, what we choose

not to buy is called our . How would you spend

your money?
© Miss Bailey 2019 https://www.teacherspayteachers.com/Store/Teaching-Curious-Kids

opportunity
want income cost need competition
 Economics Cloze Reading
Name: ____________________________ Date: __________
Use the words at the bottom to fill in the blanks in the text about
economics. Use context clues!
If you had $20 what would you spend it on? Items that are tangi-

ble, that you can touch, are called . Some goods

are made out of , or resources found in nature

like water, soil, oil, or natural gas. You might pay someone to do

something for you like cut your hair (barber) or help you learn

(teacher). Then, you are paying for a .

Occasionally, you might not have enough money to buy an

item you need. You could , like trading with

someone, or you could get a from the bank to

borrow money. Then, you have to pay it back with interest!

© Miss Bailey 2019 https://www.teacherspayteachers.com/Store/Teaching-Curious-Kids

natural loan
resources goods service barter
Graphics & Clip Art from:

www.mycutegraphics.com
http://www.teacherspayteachers.com/Store/Krista-Wallden
https://www.teacherspayteachers.com/Store/Empty-Jar-Illustrations
https://www.teacherspayteachers.com/Store/Artifex