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Chapter 3
Question | Answer |
---|---|
service industry | Businesses that sell services |
technology | Application of scientific discoveries to product goods and services. |
job market | The number and types of jobs available. |
aptitude | An ability to do something well |
automation | The use of machines to produce goods and services. |
profit | Income-producing work |
demand | People wanting and being willing to pay for certain products and services create this. |
obsolete. | Products no longer produced because they have been replaced or improved are this. |
supply | The amount of a particular product or service that a business produces. |
innovation | New or improved goods or serivces. |
solvent | The ability ot pay buisness depts. |
interest | Something that should be matched with your aptitudes to assist in carer planning. |
Entrepreneurs | People who attempt to make a profit by starting their own businesses |