Free Markets

Front

The USA has a ______market, meaning we have the right to choose what and what not to buy.

Back

free

Front

Goods are things people make or grow

Back

True

Front

Goods or services

Back

Good

Front

Services are things people________ for others.

Back

provide

Front

The government collects_______ from goods and services, to provide citizens what they need.

Back

taxes

Front

When supply is low, the demand is usually_____

Back

high

Front

As you get ready to purchase an item, you must make good ______________.

Back

decisions

Front

When the supply is too high, prices tend to________.

Back

decrease

Front

Goods or Services: Good, Service

Back

Service

Front

In a free market, people are allowed to decide what to sell and _________

Back

for what price