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6th Grade M1 Vocab

QuestionAnswer
Economy a system of producing, selling, and buying goods and services
scarcity not enough resources to meet people's wants
profit the money an individual or business has left after paying expenses
Entrepreneur A person who organizes, manages, and takes on the risks of a business.
mixed Economy economy in which businesses are free to operate but they must obey a government's laws and rules
Trade The activity of buying selling,or exchanging, goods or services between people or countires
Wealth The value of all possessions that a person or country has
Created by: user-2067184
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