Jobs
A company that sells goods or services.
What is business
A place where people live, work, and share.
What is community
Things people buy and use.
What is Goods
The freedom to act in a certain way.
What is Right
Payments that citizens and businesses are required to make to a government to pay for goods and services.
What is a tax
Things made by people and used to produce goods or offer services—a factory for example.
What is capital resource
People who buy and use goods and services.
What is consumer
The labor, skills, and abilities of workers.
What is Human Resources
Work done for others, such as haircuts or car repairs
What is service
An organization developed to increase the well-being of others in certain areas, such as education, religion, health, and other good causes.
What is a non-profit organization
A model of the movement of goods, services, resources, and money in an economy.
What is circular flow
A person who uses resources to start a business.
What is Entrepreneur
Things that occur naturally in the world and that are used to make goods or provide services.
What is Natural Resources
The exchange of money, goods, and resources in a market economy.
What is Trade
The value of the next best alternative that is given up when a choice is made.
What is Opportunity Cost
Members of a town, city, county, state, or country. Citizens have certain rights and responsibilities.
What is citizen
The standards that help determine what is good, right, and proper.
What is Ethics
The people and things needed to produce goods and services.
What is Resoures
A situation in which people cannot have everything they want because of limited resources.
What is Scarcity
A person who creates or supplies goods or services
What is producer
Personal habits and attitudes that promote the well-being of a group
What is Civic Virtue
A system in which economic decisions are made by people and businesses, with little government influence.
What is Free Enterprise
The quality of being dependable.
What is responsibility
The money that is left over after a business pays all its costs.
What is a profit
A good produced and offered for sale
What is Product