Students read sentences with the economics terms missing. They read the information on the database record and determined what economic term would best complete the cloze sentence. For example, the picture of consumer shows a person coming home with clothes that she bought from the store. A person who comes up with an idea for a better service or product is an entrepreneur. He'll sell them for money.
Goods are tangible products that are used by consumers or producers.
Consumer goods are used by consumers. Producer goods are goods used in production. Interdependence occurs when people depend on one another. Specialization brings about interdependence. The United States makes cars and sends cars to China.