SS Chapter 2, Lesson 3

money left over after all costs have been paid

• economy

• profit

• supply

• free market

an economy in which people start almost any kind of business and run it however they choose

• demand

• supply

• profit

• free market

the human, natural, and capital resources that a business needs to produce goods or services

• free market

• service industry

• profit

• factors of production

the way a people in a place or region use resources to meet their needs

• economy

• government

• proft

• supply

making of goods from raw materials by hand or by machines

• demand

• economy

• manufacturing

• free market

available amount of a product or service that is offered for sale

• demand

• supply

the need or desire for a good or service

• supply

• demand

businesses that DO things for people instead of making things

• manufacturing

• service industry

• free market

• factors of production