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Social Studies: Chapter 6 Hosted by Mrs. Tweedie.

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Presentation on theme: "Social Studies: Chapter 6 Hosted by Mrs. Tweedie."— Presentation transcript:

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2 Social Studies: Chapter 6 Hosted by Mrs. Tweedie

3 100 200 400 300 400 What Businesses Provide Running a Business Economy and Banks Minding Your Money 300 200 400 200 100 500 100

4 Row 1, Col 1 Things that people make or grow. What are goods?

5 1,2 These are all the things a business spends money on to stay in business. What are expenses?

6 1,3 It is the way a country produces and uses its money, goods, natural resources, and services. What is the economy?

7 1,4 He said, “A penny saved is a penny earned.” Who was Benjamin Franklin?

8 2,1 Things that businesses do for people. What are services?

9 2,2 The amount of money left after all the costs of running the business are paid. What is profit?

10 2,3 In 1903 she started the St. Luke Penny Savings Bank for African Americans. Who was Maggie Lena Walker?

11 2,4 A plan for using money that can help you make money choices. What is a budget?

12 3,1 What most people work to earn so they can buy what they need or want. What is money?

13 3,2 A person, company, or thing that makes or creates something. What is a producer?

14 3,3 They allow people and businesses to save and borrow money with interest. What are banks?

15 3,4 Money you receive for work you do. What is income?

16 4,1 They are an important part of communities because they provide jobs, goods, and services. What are businesses?

17 4,2 A person who buys goods and services. Who is a consumer?

18 4,3 Money that a bank pays you when you put money in an account, or money you would pay the bank if you took a loan. What is interest?

19 4,4 The way of arranging things in groups. What is classifying?

20 5,1 Businesses try hard to get them to come to their stores. What are customers?

21 5,2 you have to know your customers you have to know what they want you have to know how much they will pay What are some things you have to know to run a business?

22 5,3 In this country’s economy, people are free to choose what they will produce and consume. What is the United States?

23 5,4 What you give up getting in order to get something else. What is opportunity cost?


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