Duplicate of 4th Grade Economics

Capital goods, natural resources, and human resources are included in the term

Max decides to buy new shoes after getting his paycheck. What he bought is an example of:

Which statement describes an entrepreneur?

A business hopes to make this after all expenses are paid.

Keeping track of what you spend and make during a set period of time is called....

What is made by a business after expenses are taken out?

Handle's Ice Cream hires someone to restock ice cream. This is an example of:

A steel industry needs iron ore and water to make their product. These are examples of:

The ability to understand how money works and to know about business and finance is called...

What productive resource would be a good title for the following list: can opener, spoon, bowl

Carl had an idea for a car repair shop and opened up his own business. This is an example of:

This is the type of economy the United States has:

Why are entrepreneurs important?