Which sector of the economy is this describing?
People earning income by selling their labour
Which sector of the economy is this describing?
Provides current accounts
Which sector of the economy is this describing?
Collects taxes from the people
Which sector of the economy is this describing?
Provides public services such as education, law enforcement, and national defense (military)
Which sector of the economy is this describing?
Consumes (buys) goods such as books, toys, games, and sports equipment
Which sector of the economy is this describing?
Provides savings accounts
Which sector of the economy is this describing?
Manufactures and sells goods such as cars, computers, school supplies, and clothing
Which sector of the economy is this describing?
Consumes (buys) services such as child care, cell phone service, dental care, and haircuts
Which sector of the economy is this describing?
Loans money to customers
Which sector of the economy is this describing?
Produce and sell services such as photography, lawn care, manicures & pedicures, and piano lessons
Which sector of the economy is this describing?
Provides public goods such as highways, parks, and schools
The UK has a market economy. This means that ___________ own the businesses. It also means that people can choose what they want to buy.
______________ is the battle for your business between sellers of a particular good or service. For instance, if Staples sells markers for $2.49, but WHSmiths sells them for $.97, this is ______________. This helps to keep prices low.