Unit 3

4. what is best for society as a whole
7. in economics, the part of the economy owned and controlled by government and paid for by taxes
8. the wants and needs of consumers for products and services
9. money made from a product or service above and beyond the cost of providing the product or service
10. the number and variety of plant and animal species on Earth, including genetic variation within individual species
12. those who create products and services
13. misrepresenting what you earn to avoid paying taxes
14. in economics, the part of the economy owned and controlled by businesses and individuals
15. a cessation of work by workers. Strikes pressure employers to respond to issues that concern workers.
17. a shift on the economic continuum towards more government involvement in the economy. A shift left is usually described as taking a more liberal position.
18. in economics, rivalry among producers to sell products to consumers
19. the products and services created by producers
20. the study of the production, distribution and consumption of goods and services

1. health care paid for by taxes
2. those who use products and services
3. the percentage of the workforce that does not have jobs
5. a federal sales tax in Canada
6. in economics, the idea that land (materials), labour and capital(money) limit the supply of what people want and need
11. a decision by consumers to stop buying a product or service as a way to bring about change
16. a shift on the economic continuum towards less government involvement in the economy. A shift right is usually described as taking a more conservative position.
17. an organization of workers that acts to protect workers’ rights and interests