Miss Smith 7th Grade Civics *pgs. 476-481 American Production Miss Smith 7th Grade Civics *pgs. 476-481

What are Goods and Services? Produced by a country’s _______ Goods- ___________ items that consumers can buy and ___ Services- products that are ___ physical _______ Gross domestic product (GDP)- ______ value of all _______ and services produced _______ in the U.S. Used to measure how ____ the ________ is performing

Mass Production of Goods Mass production- _____ production by _______ of large numbers of _________ objects

Modern Mass Production An _______ line moves products through ______ of production until it is __________

Mass Production Worldwide Command economies are ____ successful in ____ production The gov. decides how many goods and services to _______ and sets the _____ This means less ______ for citizens which decreases _____________ This results in less money to improve _________

Performed directly on _________ Personal Services Performed directly on _________ Ex: medical care, ____ salons, personal _______, etc.

Performed on ______ you ___ Repair Services Performed on ______ you ___ _______, maintenance, etc.

Other Services Retail and ______________ services _______ and financial planning _____ services Insurance