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Social Studies
Chapter 11
| Question | Answer |
|---|---|
| Workers in Ohio lost their job for another reason. | Strong competition |
| In business this is the contest between companies to win more business. | competition |
| How Ohio's economy is based, which is a system in which people are free to own and run their own businesses. | free enterprise system |
| Individuals decide what to make. | produce |
| Buyers decide if they want to buy or use the products. | consumer |
| Is the amount of an item produced for sale. | supply |
| Number of people who want and are able to buy an item. | demand |
| Is the money a business has after costs such as tools, workers' pay and materials have been paid. | profit |
| Ohio factories lead the country in production of steal, plastic and | Rubber |
| How many Ohioans work in the manufacturing industry? | more than 1,000,000 |
| Are jobs people do to help others, rather than make things. | services |
| To sell or trade to another country. | export |
| To buy goods from another country. | import |
| The business of exporting and importing goods makes Ohio and many other countries. | Interdependent |
Created by:
schmaltzla
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