Most people work to earn a living and they produce goods and services. Goods are either agricultural (like maize) or manufactured (like cars). Services are such things like education, 1._________ medicine, and commerce. These people provide 2.__________ goods. some provide services. Other people provide both goods or services. For example, in the same 3.__________ garage a man may buy a car or some service which helps him maintain his car. The work people do is called as economic 4.__________ activity. All economic activities taken together make up the economic system of a town, a city, a country, or the world. Such economic system is the sum-total 5.__________ of what people do and what they want. The work people do either provides what they need or provides the money with that they can buy essential 6.__________ commodities. Of course, most people hope to have enough money to buy commodities and services which are essential but which provide some particular 7. __________ personal satisfaction, such as toys for children, visits 8. __________ the cinema, and books. The science of economics is basic upon the facts 9. __________ of our everyday lives. Economists study our everyday lives and the general life of our communities in order to understand the whole economic system of which we are a part. They try to describe the facts of the economy in which we live, and to explain how it works. The economist methods should of course be 10. __________ strictly objective and scientific. 1. like → as 2. Those → Some 3. or → and 4. called as→ call 5. Such → Such an 6. that → which 7. essential → nonessential or not 8. visits → visits to 9. basic → based 10. economist → economist’s