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Chapter 19

AB
Economicshow people produce and use goods and services
Economic systemA conutry's way of using resources
free enterprisePeople can buy and sell freely
consumersPeople who buy goods and services
producersmake good s and services
marketplacewhere buying and selling occur
inflationwhen prices go up rapidly
consumerfrauddishonest business practices
baitandswitchA fraudulent tatic
warrrantyA guarantee
budgetA plan for saving and spending
competitionwhen similar product are in competition
unemploymentpercentage of people out of work
FTCFederal trade commission
FDAFood and drug adminstration
GenericProducts without brand names


Business Procedures Teacher
Warren Technical School
Chamblee, GA

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