Chapter 4: Four Major Sectors of the Economy

Where do people work?

• government

• businesses

• banks

• all the above

Who do people in households pay taxes too?

• other people

• banks

• family members

• government

Where do people purchase (buy) goods and services from?

• businesses

• banks

• government

• all the above

Why do people work?

• • producer

• • their skills, experience, talents, and labor

• • to earn income

• • buy goods and services

When people work at a business, they are_________.

• • producer

• • their skills, experience, talents, and labor

• • to earn income

• • buy goods and services

When people work at a business, what do they provide _________.

• • producer

• • their skills, experience, talents, and labor

• • to earn income

• • buy goods and services

When do people do with the money they earn?

• • producer

• • their skills, experience, talents, and labor

• • to earn income

• • buy goods and services

What do businesses earn when they sell good and services?

• profit

• • producer

• consumer

• human resource

A businesses acts as a ___________when they sell good and services?

• profit

• • producer

• consumer

• human resource

When a business hires someone to work for them, they are acting as _______

• profit

• • producer

• consumer

• human resource