15 questions
Which sector of the economy is this describing?
People earning income by selling their labour
businesses
households
banks
government
Which sector of the economy is this describing?
Provides current accounts
households
banks
businesses
government
Which sector of the economy is this describing?
Collects taxes from the people
households
banks
government
businesses
Which sector of the economy is this describing?
Provides public services such as education, law enforcement, and national defense (military)
banks
households
businesses
government
Which sector of the economy is this describing?
Consumes (buys) goods such as books, toys, games, and sports equipment
government
businesses
households
banks
Which sector of the economy is this describing?
Provides savings accounts
households
banks
government
businesses
Which sector of the economy is this describing?
Manufactures and sells goods such as cars, computers, school supplies, and clothing
households
businesses
government
banks
Which sector of the economy is this describing?
Consumes (buys) services such as child care, cell phone service, dental care, and haircuts
households
businesses
banks
government
Which sector of the economy is this describing?
Loans money to customers
households
banks
government
businesses
Which sector of the economy is this describing?
Produce and sell services such as photography, lawn care, manicures & pedicures, and piano lessons
households
banks
government
businesses
Which sector of the economy is this describing?
Provides public goods such as highways, parks, and schools
households
banks
government
businesses
The UK has a market economy. This means that ___________ own the businesses. It also means that people can choose what they want to buy.
government
banks
citizens
other countries
______________ 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.
Competition
Market
Entrepreneur
Trade