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2.02 Economic Goods
Objective 2.02
| Term | Definition |
|---|---|
| Alternative resource | a recourses that can be used in place of another |
| automation | a method of operating or controlling a process in which task are completed by automatic means such as technology, reducing human effort and labor |
| baby boomers | a term used to refer to individuals who were born between the years 1946 ad 1964 |
| capita goods | manufactured or constructed items that are used to produced goods and service |
| conserve | to slow down the use of something to make its supply last longer that it would otherwise |
| consumer goods and service | products produced for personal consumption |
| demographics | information used to describe a population |
| economic resources | he human natural resources and capital goods used |
| employee assistance prgram | a project organized and sponsored b a company to help its employees |
| entrepreneurs | people who assume the risk of starting and operating businesses |
| enrepreneursi | starting and building a business |
| Alternative resource | a recourses that can be used in place of another |
| automation | a method of operating or controlling a process in which task are completed by automatic means such as technology, reducing human effort and labor |
| baby boomers | a term used to refer to individuals who were born between the years 1946 ad 1964 |
| capita goods | manufactured or constructed items that are used to produced goods and service |
| conserve | to slow down the use of something to make its supply last longer that it would otherwise |
| consumer goods and service | products produced for personal consumption |
| demographics | information used to describe a population |
| economic resources | he human natural resources and capital goods used |
| employee assistance prgram | a project organized and sponsored b a company to help its employees |
| entrepreneurs | people who assume the risk of starting and operating businesses |
| entrepreneurship | starting and building a business |
| factors of production | productive resources; human and natural resources and capital goods; also known as economic resources |
| financial capital | money needed to operate business |
| flextime | a scheduling procedure on which employees select their own working hours as long as they work the required number of hours |
| fossil fuels | nonrenewable; carbon-based energy sources formed underground from he fossilized remains of plants and animals |
| generation x | a term used to refer to individuals who were born between the years 1965 and 1980 |
| Generation y | A term used to refer to individuals who were born between the years 1981 and 1995 also know millennials |
| human resources | People who work to produce goods and service |
| inventory | stocks of goods |
| just-in-time inventory | An inventory method in which goods are ordered so that they arrive when they are needed rather than being stockpiled |
| natural resources | items that are found in nature and used to produce goods and service |
| nonrenewable resources | natural resources that may become entirely depleted; natural resources that cannot be replenished after use |
| producers | the people who make or provide goods and services |
Created by:
Eli_davis
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