Economics Review

What are the four major sectors in the U.S. Economy?

• Democracy, Economies, Businesses, and Resources

• Households, Private Business, and the Government

• Consumers, Producers, Supply, and Demand

• Households, Private Business, Banks, and the Government

This sector of our economy is made up of people.

• Households

• Private Business

• Banks

• Government

This sector of our economy provides checking accounts, savings accounts, and loans.

• Households

• Private Business

• Banks

• Government

This is something that you can touch or hold.

• A good

• A service

This sector of our economy produces goods and services and then sells them to households.

• Households

• Private Business

• Banks

• Government

This is a person who makes or provides goods and services

• Producer

• Consumer

This is a person who buys goods or services.

• Producer

• Consumer

People have to work to earn money, and this work is called:

• income

• taxes

• labor

• loans

Someone who takes a risk to start a business is called a(n)

• Employee

• Entrepreneur

• Employer

This type of account allows citizens to save money and earn interest while the bank has the money.

• Checking Account

• Savings Account