Copy of What is Economy?

A producer is

• the person who buys things

• somebody or company that makes things

• the person who sells things

consumers are

• people who buy things

• people or companies who make things

• the people or stores that sell things

goods are

• the things that people do for you

• the things that you can actually hold in your hand and buy

• when a person does the right thing

a service is 

• when you pay money for something that someone does for you

• when you pay money for a product that someone makes

• when you do not have to pay any money at all, the item is free

Goverments are involved in the economy

• true

• false