Vocabulary
One way for people to earn an _______________ is by doing a job.
income
Oscar Weissenborn was an __________________.
Entrepreneur
If the pencils were sold to people in other western countries, Weissenborn’s business would be an _______________ company.
export
Vinton Cerf created the _______________ .
internet
How have communication links helped businesses?
People use communication links, such as the internet and phones, to buy and sell goods. These communication links also make it faster and easier for businesses to send and receive information.
In order to start a business, a person needs a good idea, _______________ (money), and different kinds of resources.
capital
__________________ resources are workers who produce goods and services.
Human
A student who is also a ___________ would buy paper and pencils to use for his/her school work.
consumer
_____________ and _________________ have changed the way people work. Both have made it faster and easier to receive messages.
E-mail, internet
How do people around the world transport goods?
By using trucks, ships, trains, airplanes, and barges to move goods from place to place
Without improvements in transportation, the world would not have ______________ ____________, or buying and selling between countries.
international trade
China is one of the world's greatest exporters of what product?
Tea
People get most of the goods they need by buying the goods with their ____________.
income
Many businesses sell goods and services _________________.
online
What are some communication links in your house?
Telephone, computer, cell phone, X-box, e-mail.
Businesses may create an _______________ to get people to buy their products.
advertisement
Japan and other countries _________________ automobiles to the United States.
export
Someone who makes a product or provides a service is called a _______________________.
producer
Many businesses create Internet websites with _______________ about their goods and services.
advertisements
Why are producers important in a community?
People depend on producers for goods and/or services.
What is a raw material?
A natural resource that can be used to make a product.
Ray Tomlinson, an engineer from Massachusetts, found a way to use the internet to send ____________ messages.
electronic
*Using the @ symbol
To ____________________ is to use machines to make something.
manufacture
In the past people had to meet face to face to ___________ and ___________ goods.
buy, sell
What three kinds of resources do businesses need?
natural, human, capital