Economics

Front

Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.

Back

Coach provides lessons for different sports.

Front

Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.

Back

supply

Front

Why would a business want to spend their money to invent new items?

Back

They can make new goods to sell

Front

What are Tyler and his friends doing when they put together boxes with supplies and give them to people in need?

Back

They are donating the supplies.

Front

What is supply?

Back

the amount of an item you have

Front

What is demand?

Back

how many people want your good/service

Front

What is profit?

Back

the money you have left over after you paid your bills

Front

What does it mean when you save money?

Back

You put money away for later.

Front

Opal saved money in the bank. From doing this, she earned _______.

Back

Interest

Front

Some companies _______ in inventions that will help them compete with other companies.

Back

Invest