Econ Systems Vocab Word Scramble
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| Term | Definition |
| Economic System | Producing and distributing goods in an economy |
| Capitalism | Trade in industry that is owned by private owners |
| Capitalist | Wealthy person who invests in a trade based on a capital system |
| Entrepreneur | Person who invests in something that will either gain or loose money |
| Free Enterprise | Freedom of a private business to compete for profit |
| Voluntary Exchange | The free exchange among buyers and sellers |
| Private Property Rights | The right of ownership |
| Profit | To make money off of a product |
| Profit Motive | What motivates the buyer to invest in a business |
| Competition | Rivalry among businesses |
| Consumer Sovereignty | Consumers determine the production of goods |
| Inflation | Increase in price and fall in money value |
| Fixed income | Income that remains the same throughout time |
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smagill2
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