Chapter 4 Study Guide [Social Studies]

groups of people living in one house

• household

• neighborhood

• family

• landowners

people who provide labor to produce goods and service for businesses or the government in exchange for money

• employees
• laborers
• human resources

• workers

money earned from providing labor to business

• profit

• income

• outcome

• interest

things people want or need (food, clothes, shelter, a TV, electronics)

• services

• goods

labor from other people (plumbing, medical, yardwork)

• goods

• services

people who provide labor for goods/services

• producers

• consumers

people who buy goods/services

• consumers

• producers

organizes natural, human, and capital resource to produce goods/services they sell to earn a profit

• private company

• private organization

• private enterprise

• private business

Match the following terms related to money in the bank.

• balance

• the money people borrow from a bank or other people that the borrower has to pay back

• deposit

• money taken out of the bank

• withdrawal

• when the bank gives a percentage of the total money in the bank to consumers

• loans

• money placed in the bank

• interest

• total money in the bank

a place that keeps money safe and keeps up with how much money you have

• safe
• vault
• treasury
• bank