Business and Economics

Business and Economics are important topics to learn about. Business is about starting and running a company to make money. People who work in businesses sell things or provide services to customers. Economics is about how money and resources are used in the world. It helps us understand how people, companies, and countries make choices with money. Some people study business and economics at university or college to get a good job. These subjects can help them have a better understanding of how the world works and be successful in their careers.

Questions

Multiple Choice Questions

1. What is the main focus of business according to the passage?
   • A. Saving money
   • B. Starting and running a company to make money
   • C. Providing free services to people
   • D. Studying how countries make choices with money
2. What is economics mainly about?
   • A. Designing new products
   • B. How money and resources are used in the world
   • C. Advertising and marketing
   • D. Running a single company
3. Why do some people study business and economics at university or college?
   • A. To become fashion designers
   • B. To become athletes
   • C. To get a good job and have a better understanding of how the world works
   • D. To write novels

Match the Definition with the Word

1. The act of giving assistance or advantage to consumers for a price.
   • Resources
   • Customers
   • Services
   • Choices
2. The people or organizations that buy goods or services.
   • Resources
   • Customers
   • Services
   • Choices
3. Decisions or selections made from different alternatives.
   • Resources
   • Customers
   • Services
   • Choices

Answers

Show the Answers

Multiple Choice:

1. B. Starting and running a company to make money
2. B. How money and resources are used in the world
3. C. To get a good job and have a better understanding of how the world works

Match the Definition with the Word:

1. Services
2. Customers
3. Choices

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