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Competition
The contest between companies to win more business.
Free Enterprise System
People are free to own and run their own businesses.
Produce
to make something
Consume
To use a product.
Supply
The amount of an item produced for sale.
Demand
Is the number of people who want and are able to buy an item.
Profit
The money a business has after costs such as tools, workers' pay and materials have been paid.
Service
These are jobs people do to help others; nurse, waitress, doctor, teachers are examples.
Export
To sell or trade goods to another country. For example; we export soybeans to China.
Import
To buy goods from another country. For example, bananas or televisions could be imported from another country.
What are 3 products Ohio exports?
Chemicals, Rubber, Agricultural products, Trucks, Stone, and soybeans are a few.
What are 3 products Ohio imports from other countries?
Coffee, Shoes, Leather, Lumber, Televisions, radios, and bananas are just a few examples.
