JA BizTown Free Enterprise

the money that is left over after a business pays all its costs

Fire departments, public libraries, and roads are all examples of public goods and services.

The military, banks, and malls are all examples of privates goods and services.

a model or sample of a good to be produced is a prototype

a person who creates or supplies goods and/or services

In a democracy, citizens elect government leaders. Elected decide howmuch to spend on public goods and srvices.

a situation in which people cannot have everything they want because of limited resources