Manufactured or constructed items that are used to produce good and provide services.

The rivalry between two or more businesses to attract scarce customers dollars.

The human and natural resources and capital goods used to produce good and services.

The organized way in which a country handles its economic decisions and solves its economic problems.

An individual who invests 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.

People who work to produce goods and services.

An economic system in which the questions of what how and for whom goods will be produced are answered by individuals and businesses in the marketplace.

Anywhere the buying and or selling of goods and services takes place.

An economic system in which individuals make most economic decisions but some government control and ownership exist.

Items that are found in nature and used to produce goods and services.

price directed system

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.

An economic system in which individuals and groups rather then the government own or control the manes of production also known as free market economy private profit system market system capitalistic system or free enterprise system.

Anything of value that people own.

Monetary reward a business owner receives for talking the risk involved in investing in a business income left once all expenses are paid.

The desire to make a profit which moves people to invest in business.

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Question	Answer
Capital goods	Manufactured or constructed items that are used to produce good and provide services.
Competition	The rivalry between two or more businesses to attract scarce customers dollars.
Economic resources	The human and natural resources and capital goods used to produce good and services.
Economic systems	The organized way in which a country handles its economic decisions and solves its economic problems.
Entrepreneur	An individual who invests 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.
Human resources	People who work to produce goods and services.
Market economy	An economic system in which the questions of what how and for whom goods will be produced are answered by individuals and businesses in the marketplace.
Marketplace	Anywhere the buying and or selling of goods and services takes place.
Mixed system	An economic system in which individuals make most economic decisions but some government control and ownership exist.
Natural resources	Items that are found in nature and used to produce goods and services.
price directed system	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.
Private enterprise	An economic system in which individuals and groups rather then the government own or control the manes of production also known as free market economy private profit system market system capitalistic system or free enterprise system.
Private property	Anything of value that people own.
Profit	Monetary reward a business owner receives for talking the risk involved in investing in a business income left once all expenses are paid.
Profit motive	The desire to make a profit which moves people to invest in business.

Created by: user-2014720

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