Careers 13.1

The study of how people produce, distribute, and use goods and services is

• capitalism

• socialism

• economics

• regulation

The amount of money left after the business pays its expenses is called

• economics

• a profit

• regulations

• supply

The amount of goods and services that consumers want to buy

• supply

• demand

• profit

• competition

People who buy and use goods and services

• socialists

• users

• producers

• consumers

Activities people do for a fee are called

• goods

• services

• items

• businesses

A country's way of making choices about how to use its resources to produce and distribute goods and services is called

• economic system

• free enterprise

• command economy

• socialist economy

Individuals or companies that make or provide goods and services is called

• consumers

• capitalists

• economics

• producers

Items that you buy are called

• goods

• services

• enterprises

• producers

Individuals or businesses may buy and sell goods and services and set prices with little government control in a

• socialist economy

• command economy

• free enterprise

• supply and demand

Producing means

• making goods and services available to the people who want or need them

• creating goods and services

• setting rules for prices and wages

• buying and using goods and services