Term
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Definition
| study of how people use resources |
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Term
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Definition
| things that occur in nature used to make things |
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Term
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Definition
| people doing the labor, used to make things or provide a service |
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Term
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Definition
| used by people to make things |
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Term
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Definition
| something offered to generate business, to influence behavior |
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Term
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Definition
| not enough goods and/or services available |
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Term
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Definition
| anything of value than can guarantee repayment |
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Term
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Definition
| the amount of money borrowed |
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Term
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Definition
| money amount allowed to be borrowed or used |
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Term
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Definition
| product that is made/grown for profit |
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Term
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Definition
| jobs that people do to help other people for a profit |
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Term
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Definition
| good/services that are produced in this country and shipped to another country |
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Term
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Definition
| goods/services produced in another country and shipped here |
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Term
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Definition
| when countries rely on one another for trade |
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Term
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Definition
| when a worker has a specific skill and contributes to the whole |
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Term
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Definition
| when a business has more expenses than income |
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Term
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Definition
| when a business has more income than expenses |
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Term
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Definition
| when a business is owned by many people, who own shares of that business |
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Term
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Definition
| when two or more individuals start a business |
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Term
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Definition
| an individual who starts a business |
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Term
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Definition
| when one person owns the business |
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Term
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Definition
| this is what a person is called who owns a part or share of the business |
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Term
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Definition
| the skills people get when trained and educated over time |
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Term
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Definition
| this is how much a consumer must pay for a good or service |
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Term
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Definition
| a fee that consumers pay for being allowed to borrow money and/or credit |
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Term
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Definition
| the lost opportunity when making a choice, it's what you could have done |
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