3.1-3.2

_________________ is the system of production, distribution, and consumption of goods and services.

• Profit

• Economy

• Loss

Everyone who is working is considered as contributing to the economy.

• True

• False

People are paid _____ for their labour and they use this _____ in their everyday life.

• bills; resource

• wages; money

Economy operates only from your household budget, not involves national / global level.

• True

• False

The economy of a country includes all the different types of jobs that people in a country do.

• True

• False

There are commonly 4 types of employment sector which are pri___y, secondary, tertiary and quaternary.

There are commonly 4 types of employment sector which are primary, se___da__, tertiary and quaternary.

There are commonly 4 types of employment sector which are primary, secondary, ter___ry and quaternary.

There are commonly 4 types of employment sector which are primary, secondary, tertiary and qua_____ry.

Primary sector refers to raw materials (natural re____ces) are extracted from the land and sea.