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Economics Review
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These two terms cover how much there is of an item and how many people want it
supply and demand
Making large amounts of a product in a factory is known as
surplus
Where can people put their money so that it earns interest
bank
A tax on sales and some services
sales tax
Trade is the business of ______________ and ______________ goods
buying and selling
What do you call the person that starts a business?
Entrepreneur
When you take money OUT OF the bank
withdrawal
When you put money INTO the bank
deposit
What do you call the money that a business keeps after paying expenses
profit
List 2 jobs that sell goods to a customer
Hyvee, Target, car dealerships, Family Fare,
List 2 jobs that provide a service
teacher, police, fire and rescue, doctor, dentist, waitress, hairstylist
the money citizens pay to the government to pay for services are..
taxes
List at least three ways to pay for an item or service.
cash, credit card, debit card, check, voucher, gift card
A non-profit organization which raises money or donates services or goods to help people.
Charity
The opportunity to buy or sell, a demand for merchandise.
Market
Things used by humans produced from the earth.
Natural Resources
Someone who makes something to sell.
producer
Goods that are brought into a country.
Import
Jobs people do to help others.
Services
A system letting people own and run their own business.
Free Enterprise
Someone who buys something.
Consumer
Goods that are sent from one country to another.
Export
Someone who puts money into a business.
Investor
Someone who puts money into a business.
Investor
The way a country uses or produces natural resources, goods, or services.
Economy
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