Chapter 11 Lesson 1

Products that are made, bought, and sold are called _____________ or ___________________.

• goods or products

• capital and service

• profit or products

• supply and demand

__________________ are something done for another person for money.

• products

• goods

• services

• capital

A system in which people own and run the land and businesses is called.

• supply

• economics

• capitalism

___________ is the money a business earns after expenses are paid.

• demand

• profit

• labor

How much of something and how badly people want it is called _____________________.

• goods and services

• supply and demand

• economics and profit

An _________________ is someone who starts a business.

• entrepreneur

• economcs

• labor

Another name for money

• interest

• service

• capital

_____________________ is the amount a person pays plus the loan amount back to a bank.

• loan

• interest

• consumer

Work people do is called _________________.

• experience

• job

• labor

A ______________ is a person who buys things.

• sales man

• consumer

• entrepreneur