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2.02 Economic Goods
Objective 2.02
| Term | Definition |
|---|---|
| Alternative Resource | A resource that can be used in place of another |
| Automation | |
| Baby Boomers | People born between the years 1946 and 1964 |
| Capital Goods | |
| Conserve | |
| Consumer Goods and services | Products produced for personal consumption |
| Demographics | Information used to describe a population |
| Economic Resources | |
| Employee assistance program | Project organized and sponsored by a company to helps its employees |
| Entrepreneurs | People who assume the risks of starting and operating buisnesses |
| Entrepreneurship | Starting and building a business |
| Factors of production | |
| Financial Capital | Money needed to operate a businwwwwwwwwwess |
| Flextime | |
| Fossil Fuels | |
| Generation X | |
| Generation Y | |
| Human Resources | |
| Inventory | Stock of goods |
| Just in time Inventory | |
| Natural Resources | |
| Nonrenewable Resources | |
| Producers | The people who make or provide goods and services |