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Economics Review

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