Chap. 4 The Nation's Economy E.4.5.1-4.5.3 & E.4.6.1-4.6.3

A person or a company who makes a good or service to sell to others is known as a _________.

• free enterprise system

• producer

• consumer

A person or a company who buys a good or service is known as a _________.

• consumer

• market economy

• producer

A ________ is one in which producers have the right to create any goods or services they want.

• command economy

• free enterprise system

• market economy

Another name for a free enterprise system is a ___________.

• command economy

• government

• market economy

In a _________, the government decides what goods and services can be made or sold.

• command economy

• free enterprise system

• market economy

The land, homes, stores, and goods that people or companies own is a _________.

• consumer

• public property

• private property

________ is the type of money used in a particular place.

• Barter

• Currency

• Inflation

To ________ means to trade one type of good or service for another type.

• borrow

• return

• barter

A rise in the usual price of many goods and services is called _________.

• sale

• inflation

• expensive

_______ is the money a business has left over after it pays all its costs.

• Check

• Food stamp

• Profit