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Economics

Western Hemisphere

TermDefinition
Capital Money or property that is invested or used to make money
Command Economic System Government owns all property and businesses; the government tells people what to do, how to make things, and how much to make
Consumer A person who buys and uses up goods
Demand The consumer's desire for a good or service
Economics Is the study of how people make things to meet their needs and wants
Entrepreneur A person who starts, organizes, manages and takes on the risks of a business or industry
Exports Goods sent to another country for sale
Factors of production All the things needed to produce goods and services, which include natural
Created by: abbch5
Popular Business sets

 

 



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