economics

_____ is a system of goods and services produced, distributed, bought and sold; government handling of money and resource.

• Economy

• goods

• Service

• exports

______ products people buy.

• Goods

• services

• specialization

• exports

_______ jobs people do for others.

• Services

• Goods

• Specialization

• Exports

_____ goods sold/sent to (exit) other countries

• Exports

• Imports

• Services

• goods

_________ training, education, talent, resources make unique goods and services

• Specialization

• services

• goods

• Exports

________ goods brought into the country

• Imports

• exports

• services

• goods

Free market economy _______ businesses are free to decide what they want to make and sell; households choose which goods and services to buy; job choice.

• capitalism

• exports

• goods

• services

______ more than one business tries to get customers to purchase their products or services

• competition

• capitalism

• supply

• demand

________ amount of goods and services available

• supply

• demand

• competition

• exports

_____ the want/ need to buy the good or service

• demand

• supply

• capitalism

• exports