Social studies economy test

The person who makes a product.

To trade for goods one needs or wants.

The things a business uses to make or produce a product like computers, machines, and factories.

A person who buys goods and uses services.

When a person borrows money for a short period of time which must be paid back usually with interest

The system of how money is made and used within a particular country or region.

A person who starts and runs their own business.

An economy where government places very few restrictions on businesses.

The people who work for a business.

Relying on one another to meet needs and wants.

The money made when an investor charges for the money that was borrowed.

The person who takes a risk and loans the company money to produce its product.

People in the 13 American colonies who supported England and remained loyal to them during the Revolutionary War.

The God-made materials needed to make a product - like trees, wheat, iron ore...

People in the 13 American colonies who supported fighting England to become their own country in the Revolutionary War.

Once a company pays off all their expenses the money that remains.

The amount of a product that is available to the consumer.

How much desire there is for a product amongst the consumer

A card that pulls money directly out of your bank account.

A card that allows you to borrow money.

A huge determiner in prices is to analyze ____.

4 departments often used to run a business

The U.S. government agency that sets up rules for banks to follow.

The 5 C's of credit are...

A person's reputation in the business world.

A buyer's ability to pay back a loan.

A down payment toward a loan.

Something the borrower owns that the bank can have it he doesn't pay his loan.

How a borrower will use the money.

The 13 colonies needed England for...

Benefits the 13 colonies provided for England...

What were causes make the 13 colonies want to start their own country and break away from England?

What were some of the taxes England forced on the colonies.

Who wrote the Declaration of Independence?

What did the Declaration of Independence state?

What war did the colonists and England fight over the colonists' freedom?

Who was the king of England during the Revolutionary war?

Who was the Continental Army General during the Revolutionary War?