There are no capital letters or punctuation marks in these paragraphs. Underline each letter that should be capitalized and put in the necessary punctuation marks.
types of economics systems - part 2
in many modern countries there are a variety of goods and services from which to choose in a market economy the people decide which goods and serves to buy and sell they make choices about how to spend their money they can choose how they will earn their living they are free to own property (5 sentences)
the market economy is also called a free enterprise economy free enterprise means that people have many choices about how to make and spend their money the united states canada and india are examples of countries with market or free enterprise economies
(3 sentences)
consumers and producers work together in a market economy when people make goods or provide services they are producers when people spend money they are consumers both consumers and producers influence what is produced in a market economy (4 sentences)
you are a consumer whenever you buy something suppose you buy a video game for $25.00 by buying it you are showing a demand for it you want the game the price is right for you (5 sentences)
suppose that many other people buy the same video game that you do the supply or the number of available games runs out because it sold so many the company will make more games (3 sentences)
the company will make more games because it wants a greater profit there are many costs in making a product such as the costs of labor and materials profit is the money left over after paying these costs with their profits producers can buy better equipment they earn more money for themselves they can improve their work and their lives profit is an important goal in a free enterprise economy (7 sentences)
now suppose the video game company makes a new supply of games this time they raise the price to $35.00 the company thinks that it can make higher profits instead fewer people buy the game many will not pay the higher price demand for the video game drops
(6 sentences)
in ways like these producers decide what and how much to produce they also decide what price to charge the producer studies the products the consumer will buy and how much the consumer is willing to spend the price of a product is influenced also by what is available to sell this process is called the law of supply and demand in a market economy prices depend on demand they also depend on how large the supply is (7 sentences)
Did you put in 6 commas? _______Yes ______No