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Economy
Economy
Economy
Economy
Economy
100
The prices of goods go down when the ________________ is high.
supply
100
Sales and property ________________ are collected and used to pay for public goods and services.
taxes
100
People may deposit their income into a checking account in hopes to make more money by building ________________ in the account.
interest
100
The place where consumers and businesses interact is the ___________.
market
100
The prices of goods go up when the ______________ is high.
demand
200
A small business owner taking a risk at starting a new business is considered an _________________.
entrepreneur
200
When business owners sell the same product and must compete for customers, there is _________________ in the market.
competition
200
When you pay someone for something, such as being served at a restaurant or getting a haircut, you are paying for a ________________.
service
200
Products that are made, such as clothes, food, and shoes are ______________.
goods
200
Private businesses borrow money or take out a ______________ to make products or pay their workers.
loan