NEW
Font size
WorksheetsMatter of Business Vocabulary
Total questions: 13
Worksheet time: 7mins
The _____________ gives people the freedom to make choices about the goods and services they produce and consume.
supply and demand system
free enterprise system
business system
A person went to the hair salon to get a haircut. The haircut is an example of a __________.
service
good
producer
A person went to the hair salon to get some special shampoo. The shampoo is an example of a _____________.
good
service
consumer
When items are _______________, the price often increases because the demand is higher than the availability.
produced
scarce
supply
A person manages their income and expenses using a ___________.
profit
supply and demand
budget
The money a business makes after paying all of their expenses is __________.
profit
scarcity
budget
On a Saturday morning, Mari went to La Popular Bakery to buy some pan dulce and donuts for her family. In this situation, Mari is the __________.
producer
consumer
entrepreneur
On a Saturday morning, Mari went to La Popular Bakery to buy some pan dulce and donuts for her family. La Popular Bakery is the _____________.
producer
consumer
service
A person who starts a business is called _____________.
a free enterprise system
a consumer
an entrepreneur
The amount of available goods and services is called the _________.
supply
demand
The amount of goods or services that people want to buy is the __________.
supply
demand
When the supply of a good or service decreases (goes down), the price _______.
increases (goes up)
decreases (goes down)
When the demand for a good or service increases (goes up), the price _______.
increases (goes up)
decreases (goes down)
