Economics Terms
Entrepreneurship Traits
Entrepreneurship terms
Economic Terms
100
Economics
What is the study of how individuals, businesses, government, and society make choices.
100
the desire to be your own boss. (starts with the letter i)
What is Independence
100
Risk
What is the probability or chance that hoped-for outcomes will not occur. E.g. that a new business idea will not prove popular with customers
100
fish farming
What is Aquaculture
200
Free Market System
What is people other than the government own most of the companies.
200
the ability to come up with clever, workable solutions. (starts with the letter c)
What is Creativity
200
Reward
What is the returns (e.g. profits, personal satisfaction) that are earned from taking a risk.
200
fuel is made from vegetable oil or animal fat.
What is Biodiesel
300
Profit
What is the money left over after a company has paid all its expenses.
300
never showing discouragement, always thinking of new ways to approach a problem and acting on your ideas. (starts with the letter p)
What is Persistence
300
Business start up
What is a new business. A start up begins life with a new product idea or sets up to operate an existing idea or format. But until it begins trading, a start up has no customers.
300
is fuel made from corn.
What is Ethanol
400
refers to energy that comes from unlimited natural resources like wind or solar energy and that does not contribute to pollution or global warming.
What is Renewable energy
400
Hard Work
What is being capable of doing the work and enjoying it.
400
Enterprise
What is the process by which new businesses are formed in order to offer products and services in a market
400
measures the value of all the goods and services produced by a country in a year.
What is Gross domestic product (GDP)
500
the work of individuals needed to produce goods and services.
What is Labor
500
Human-Relation Skills
What is the ability to get along with others, to inspire cooperation, confidence and loyalty
500
a person who has a business idea as well as the capital to start the business and keep it running. (starts with the letter E)
What is Entrepreneur
500
comes from a skilled person who combines land, labor, and capital in a way that will make a profit.
What is Management ability