Free to Choose Work or Business
Items that can be bought or sold.
The ability to do something well.
Skill
The things you like and enjoy.
Interests
People who work for businesses.
Employees
Trade
Work done for others, like haircuts or car repairs.
Services
A person who takes a risk to start a business with the intent of earning a profit.
Entrepreneur
The use of machinery, equipment, and processes.
Technology
Businesses that hire workers.
Employers
Connection of different parts of the world.
Globalization
The amount of money left after all business expenses have been paid.
Profit
An improvement of an existing product or method.
Innovation
An occupation for a significant period of a persons life.
Career
A written summary of a person's education, work experience and skills.
Resume
Written or spoken exchanges between people to share information.
Communication
Rivalry between two or more business striving for the same customer.
Competition
People who do the work a business needs.
Human Resources
A discussion between a potential employee and an employer to help decide whether a job is a good match.
Job Interview
Choosing to focus production on one or few products.
Specialization
A system in which goods and services are bought and sold freely with little government interference.
Building, tools, machines, and money that businesses use to make products.
Capital Resources
A grouping of jobs and industries related by skills or products.
Career Cluster
Personal attributes and abilities that are needed in most jobs.
Soft Skills
The next best alternative given up with making a choice.
Opportunity Cost