PENNSVALLEY
24
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ACTIVITY 6:
FromStage 5, use the numbers towrite down the
boldfaced
terms in the boxes.
Stage 6:
In theUnited States, we have an economic system called 26)
free enterprise
.That does not mean
that things we need are free. It means that we have the freedom to set up 27)
businesses
to compete
with each other. Some business can deal with 28)
goods
or 29)
services
, or both. People who own a
business try tomakeaprofit.30)
Profit
is theamount ofmoney left after all expenses andbills havebeen
paid.For example, theownerswho run theHershey chocolate factorywork toearnaprofit. However, they
must pay their workers to 31)
make candybars
and ship them all over theworld.Making the candy bars
isan industrial job.32)
Sellingandmoving thecandybars
isa service.By theway, wheredid the cacao
beans for chocolate come from? They are brought into our country from Africa and South America.
Therefore, a chocolate factory imports cacao beans from other parts of theworld. In turn, candy bars are
made and are exported all over the globe.
ACTIVITY 7:
FromStage 6, use the numbers towrite
down the
boldfaced
terms in the boxes.
There youhave it, theecono-
my puzzle put together.There are
a bunch of econoterms that will
help you understandwhat we are
talking about in future lessons.
Good or poor, all places have an
economy
unless
no
people are living there!
Lesson 15: (cont.)
What’s Happening in the E CONOMY?
Geography Skills
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