Chapter 6 Review

3. Human effort in making something.
5. Manmade things that are used to make other things.
7. Other people would use this term as "natural resources"
8. The study of the production, distribution, and consumption of goods and services.
9. People have self-interest at heart and competition drives the economy.
11. Those who create goods and services.
16. A company owned by Canada's government to provide products and services to Canadians.
17. Spending money on one thing rather than another.
18. Working together for the interests of all.
19. When you have to give something else in order to get something.

1. The products and services created by producers.
2. What's good for society as a whole.
4. Working alone in your own self-interest.
6. An organization of workers that acts to protect workers rights and interests.
10. The wants and needs of consumers for products and services
12. Believed that capitalism has failed people and an alternative was needed.
13. When a producer controls all the production of a good or service.
14. In economics, the idea that land, labour, and capital limit the supply of wants and needs.
15. Rivalry among producers to sell products to consumers.
18. Those who use goods and services.