Business Barter & Money

Another term for profit is

• extra cost

• income

• revenue

• surplus

Market is ....

• a place where fresh produce is sold

• a physical location where buyers and sellers meet

• a place where buyers and sellers meet

• a shopping center

An entrepreneur is ....

• an individual who gets employed

• an individual who starts a new business

• an individual who creates a business idea

• a business venture, private or public

The following are needs:

I food

II money

III shelter

IV clothing

• I & IV only

• II & III only

• I, III & IV only

• all of the above

Activities of Early Men include:

I Hunting

II Farming

III Fishing

IV Building

• I & II only

• I, II and III only

• All of the above

• None of the above

Direct Production

• producing for yourself by yourself

• producing with others for yourself

• producing with others for others

• producing for yourself with others

People getting involved in activities to meet their basic needs are called ....

• Producers

• Consumers

• Economic Animals

• Early Men

Indirect Production came about because of

• Human wants and needs

• Surplus

• Economic Gain

• Direct Production

Early Men used _____ as money

• Stones

• Cat's Teeth

• Shells

• Fruits

(a)   solved the problem of barter.