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Stack #4645457

QuestionAnswer
manufactured or constructed items that are used to produce goods and provide services Capital goods
the rivalry between two or more businesses to attract scare customer dollars competition
the human and natural resources and capital goods used to produce goods and services economic resources
the organized way in which a country handles its economic decisions and solves its economic problems economic system
an individual who: invents, develops, and distributes a good or provides a service; assumes the risks of starting and building a business; and receives personal and financial rewards for her/his efforts entrepreneur
people who work to produce goods or service human resources
an economic system in which the questions of what, how, and whom goods will be produced are awnsered by individuals and businesses in the marketplace market economy
anywhere the buying and/ or selling of goods and services takes place marketplace
an economic system in which individuals make most economic decisions but some government control and ownership exist mixed system
items that are found in nature and used to produce goods and services natural resources
a descriptive term for the american private enterprise economy because price determines what people buy, the jobs they take, the success or failure of businesses, and the products that will be produced price-directed system
an economic system in which individuals and groups, rather than the government, own or control the means of production; also known as free market economy, private profit system, capitalistic system, or free enterprise system private enterprise
anything of value that people own private property
monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid profit
the desire to make a profit which moves people to invest in business profit motive
Created by: user-2014719
 

 



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