Major Sectors of the U.S. Economy

Why do people work at jobs?

• So they can earn an income.

• So they can earn a profit.

When people work at jobs, they are acting as a

• consumer

• producer

When people work at jobs, what are they providing?

• the goods or services they produce

• their skills, experience, talents, and labor

What do people do with most of the money they earn from working?

• sell goods and services

• buy goods and services

Why do businesses provide goods or services?

• to earn income

• to earn profit

When a business sells goods or services, it is acting as a

• consumer

• producer

When a business hires people to work, it is acting as a

• consumer

• producer

People who work for a business are which type of resource?

• capital resource

• human resource

• natural resource

Which market sectors do businesses sell goods and services to?

(Choose all that apply.)

• government

• households

• businesses

• none of the above

• banks

Who do the goods and services provided by the U.S. government typically benefit?

• a few people

• people outside of the U.S.

• many people

• government leaders