Social Studies, Economy

Entrepeneurs have diffrentent reason for starting businesses:

• Great idea for a product or a service

  Want to fill a need in their community

• Natural resources

  Capital resources

  Human resources

What is a free-market economy?

• It can help to business succeed

• A system in which anyone can star a business. The united states has a free market economy.

• A place where local farmers can sell their products to local consumers.

To be succesful a business needs:

• Great idea for a product or a service

  Want to fill a need in their community

• Natural resources

  Capital resources

  Human resources

What is the difference between imports and exports?

• Imports are products brought from other countries.

  Exports are products shipped to their countries.

• When you advertisd, you promote a product or service so thar you draw attention to it.

• Whe they have money left over after paying all the business costs.

Location of a business is helpful because:

• A place where local farmers can sell their products to local consumers.

• They want to sell the most goods and services.

• It can help the business succeed

Who is a consumer?

• Is someone who buys a product or a service

• Is a selling tool to producers

• A system in which anyone can start a business.

What is advertising?

• Is someone who buys a product or a service

• Is a selling tool to producers

• A system in which anyone can start a business.

What happens when producers advertise their products?

• A place where local farmer sell their products to local customers

• When you advertise, you promote a product or service so that draw attention to it.

• When they have money left over after paying oll of the business costs

Why are businesses usually in competition?

• A place where local farmer sell their products to local customers

• They want to sell the most of goods or services

• When they have money left over after paying oll of the business costs

What's a farmer's market?

• A place where local farmer sell their products to local customers

• They want to sell the most of goods or services

• When they have money left over after paying oll of the business costs