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Match each term with its description. Match Term Definition Economy A) Make or provide goods and services that consumers buy and use. Free enterprise system B) People who buy and use goods and services. Producers C) A system in which individuals or businesses may buy, sell, and set prices with little government control. Consumers D) How people produce, distribute, and use goods and services. Supply E) The amount of goods and services available for sale.

User Mhery
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Final answer:

Economy refers to the social institution through which a society's resources (goods and services) are managed. Consumers are people who buy and use goods and services. Producers are the individuals or businesses that make or provide goods and services that consumers buy and use.

Step-by-step explanation:

Economy refers to the social institution through which a society's resources (goods and services) are managed.

Consumers are people who buy and use goods and services.

Producers are the individuals or businesses that make or provide goods and services that consumers buy and use.

Free enterprise system is a system in which individuals or businesses may buy, sell, and set prices with little government control.

Supply is the amount of goods and services available for sale.

User Yatharth Agarwal
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Answer:

A) Make or provide goods and services that consumers buy and use.- Producers.

B) People who buy and use goods and services.- Consumers.

C) A system in which individuals or businesses may buy, sell, and set prices with little government control.- Free enterprise system.

D) How people produce, distribute, and use goods and services.- Economy.

E) The amount of goods and services available for sale.- Supply.

Step-by-step explanation:

1. A producer is a term used for the ones producing the goods. They are the ones who make, provide, and supply goods and services to 'consumers' to buy or use as they please.

2. Consumers are the ones 'taking in' the provides goods and services from the producers. They are the receiving end of the service line, people who buy and use the producers' products.

3. Free enterprise system is a system where individuals can sell, buy, and even set prices on goods and services without the government setting a limit. This is a freedom of regulation where the individuals have the freedom to do anything with their services and goods.

4. An economy is a system of human labor where people who produce and those who receive the services and goods of these producers come together. This system is an exchange of services and labor, that of exchange and consumption between the producers and consumers.

5. Supply is the number of goods and services available for the consumers to avail. It is the number of goods and services available or made available in the market.

User KEND
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