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Rooney Economics 3

Last practice sets before the final set of all terms

TermDefinition
entrepreneur A person who starts up and takes on the risk of a business
expense money spent for what is needed
export goods or services sold to a foreign country
import goods or services bought in from a foreign country
invest giving money to a company and expecting to get even more money back
labor Human effort used to make goods and services
labor union an organization of employees formed to bargain with the owner/boss/employer
management those in charge of running a business
stock a certificate showing a piece of ownership in a corporation
stock market where stocks and bonds are bought, sold or traded
taxes Fees that support government programs that citizens are required by law to pay
wealth measurement of the value of all a person's material property
Created by: ldmsrooney
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