Business and Economics

Goods and services supply what people need or want.

Goods are things such as food and clothing.

Services include things such as health care and police protection.

A country needs natural and human resources.

Natural resources include fresh water supplies, farmland and energy sources, such as oil and wind.

Human resources include a skilled workforce that can produce goods and services.

Once we have a supply of goods or services, they need to be distributed throughout a country.

Highways and railways are both ways to transport things from one part of a country to another.

Electricity is distributed through a system of transmission lines.

We live in an age of advertising.

Advertising lets people know about goods and services.

It educates people about the product being advertised.

Trade allows for the exchange of goods and services between different countries.

Exports are goods and services that are sold to another country.

Imports are goods and services that are bought from another country.

For example, many countries import oil from countries such as Saudi Arabia.

Advertisers try to increase the demand for a product or service.

Education and training are ways to develop a skilled workforce.

Career Building

Employees are the people who work for a company.

Some employees do basic work, such as operating a machine or driving a truck.

The people who hire and direct the work of other employees are managers.

Interviews are one way to find out about a person who applies for a job.

In an interview, a job applicant can ask questions about a company, and the company can find out about a person's skills and experience.

An entrepreneur is someone who starts a new company.

Entrepreneurs are often have new ideas and ways of doing things, that can give their company an advantage.

Salary and benefits are used to attract new employees into a company.

If the salary and benefits are good enough, employees may take the job, and stay with the company.

Benefits include vacation time, health insurance and bonuses for employees who do a good job.

When applying for a job, it's important to have the skills and experience needed for the job.

Developing and increasing skills and experience is a good to prepare for a good job.

Each job a person has is an opportunity to learn new things and develop new skills.

A raise in salary is an example of benefits.