Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Chapter 20 Vocab
| Term | Definition |
|---|---|
| capital goods | the factories, machines, technology, tools, equipment, and any other man-made goods used to make other goods or services |
| competition | a situation where multiple people or organizations try to outperform each other |
| demand | how much of a good or service consumers want to buy |
| entrepreneurship | the activity of creating a new business |
| human resource | an employer or employee who helps produce goods and services |
| market | any place where buyers and sellers interact to trade goods and services |
| natural resource | a naturally-made item, such as a tree, mineral, or fresh water, that people can use to help meet a need or want |
| output | the amount of something produced |
| price | the amount of money required as payment for a good or service |
| productive resource | a resource used to produce a good or service |
| supply | how much of a good or service is produced or is available at a certain price |
Created by:
Mr. Frantz