Economics Review

What are people that take risks to create new products or start businesses?

• consumer

• entrepreneur

• good

What are the thing people buy, use, and you can touch?

• good

• service

What is an activity that someone does for you?

• good

• service

________________ is the management of resources for a community or country.

• services

• economy

• goods

People who buy and use goods and services are called.......

• consumers

• producers

People who use resources to make goods and services are called......

• consumers

• producers

Income is.......

• the money you borrow from the bank

• the money people pay

• the money people receive for their services

Physical or mental work is.....

• good

• labor

• service

Household provide resources are....

• labor that builds, products, and provides services

• services by doctors or teacher

• goods such as food and cards

Household consume services are....

• labor that builds, products, and provides services

• services by doctors or teacher

• goods such as food and cards