Ch 8 - Economy

List all the different ways that you get money. Which of these ways involve work?

What is an Economy?

• Money

• The system in which goods and services are bought and sold

• An economy where choices are left up to each buyer and seller

• Items that can be bought, sold, and traded, such as food and computers

What is a Market?

• a place where buyers and sellers come together

• an economy where choices are left up to each buyer and seller

• Services

• Economy

Which of the following are Goods?

• Food

• Babysitting

• Furniture

• Haircuts

• Toys

Which of the following are Services?

• Food

• Babysitting

• Furniture

• Haircuts

• Toys