Chapter 4 Lesson 1 Economic Changes in Indiana

What does profit mean?

• the amount of goods and services produced in a period of time
• the amount of money made after expenses have been paid
• the amount of money spent on making the goods
• the amount of money made before expenses 

An entrepreneur is a person who...

• starts their own business.
• is a banker.
• is a government official.
• works for a business.

The way a place uses its resources to produce goods and services is called...

• productivity
• entrepreneur
• profit
• economy