Economy

The way people spend money, and the way people make money is one way to define an...

• business

• profit

• economy

• loss

People who buy goods or services are

• producers

• consumers

• entrepreneurs

• tourists

People who create or produce goods and services are

• tourists

• entrepreneurs

• consumers

• producers

The desire consumers have for a good or service is called a

• demand

• profit

• loss

• supply

The amount of a good or a service available for consumers is the

• demand

• profit

• supply

• loss

The _____people want a good or service, the_____the demand for that product or service.

• more, higher
• crazier, silly

• louder, silent

• more silent, louder

The ____ people who want a good or service, the ____the demand for that product or service.

• fewer, lower
• crazier, silly

• louder, silent

• more silent, louder

What can affect the price of a good or service?

When you sell something for more than it cost to make it is a

• loss

• profit

• breaking even

• supply

When you sell something and sell it for less than the cost to make it, it is a

• supply

• breaking even

• profit

• loss