Prices and Consumer Incomes

The other economic factor that consumers must consider carefully in making their purchases of goods and services is their own level of income. Most people earn their income from the work they perform, whether as physicians, carpenters, teachers, plumbers, assembly line workers, or clerks in retail stores. Some people also receive income by renting or selling land and other natural resources they own, as profit from a business or entrepreneurial venture, or from interest paid on their savings accounts or other investments.

The important points here are that: 1) in a market economy, the basic resources used to make the goods and services that satisfy consumer demands are owned by private consumers and households; and 2) the payments, or incomes, that households receive for these productive resources rise and fall.

Заповніть пропуски в реченнях прийменниками, якщо необхідно.

1. The banana cannot satisfy the same wants ___ the textbook.

2. Innumerable acts of trust build ___ the system of which bankers, depositors and borrowers are part.

3. ___ this reason, economists and financiers often talk of the liquidity of money.

4. Non-essential commodities like chocolates cannot be compared ___ basic necessities like shelter.

5. No interest is paid by the bank ___ current account.

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