Chapter 6 Social Studies

Things that buisnesses do for people

• goods

• services

• expense

Things that people make or grow

• goods

• services

• expense

• profit

All the things that a buisness spends money on to stay in buisness

• profit

• expenses

• employees

• consumers

The amount of money left after all the costs of running the buisness are paid

• expenses

• employees

• comsumers

• profit

A person or company that makes or produces something

• consumer

• producer

• services

• expenses

A person that buys a good or service

• consumer

• producer

• employee

• profit

Is it a consumer or producer?

Someone who buys ice cream

• consumer

• producer

One expense a buisness does NOT have

• consumer

• electricicity

• rent

• employees pay

To make more money a buisness could

• increase expenses

• have fewer consumers

• pay employees more

• buy less expensive goods

Every budget should

• goodstop you from spending

• increase your expenses

• balance your income

• increase your income