Ch7.2 Producers and Consumers

Which is an example of a good?

• a teacher

• a person that fixes bicycles

• sneakers

• a dentist

What is an example of a service?

• computers

• oranges

• sneakers

• a dentist

What do you call an item or an action that people sell?

• good

• service

• product

• action

Who buys goods and services?

• producers

• consumers

• profit

• capital resources

What is the money that businesses have left after their production costs are paid called?

• human resource

• capital resource

• profit

• producer