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21 Cards in this Set
- Front
- Back
being able to have or run your own business
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free enterprise
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the attempt of one producer to get buyers to purchase their goods instead of those of another producer
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competition
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the amount left over after all expenses have been paid from the money received
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profit
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goods that are made or grown to be used or sold
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product
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to make from raw materials by hand or machine
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manufacture
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a public announcement showing a product or service
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advertisement
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to give in exchange for something else
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trade
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an economic system based on private ownership of goods and the means to produce them in a free market
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capitalism
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to make or become new, fresh or strong again
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renewable
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can not be restored or made new again
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nonrenewable
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the making of goods
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industry
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anything that can be manufactured, treated, or produced to make it more useful
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raw materials
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a plan for using money
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budget
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to trade or exchange without using money
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barter
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an item that is sent to another country for sale or trade
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export
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a building equipped for manufacturing goods
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factory
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any goods that are brought into a country for sale or use
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import
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careful use of money and goods
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economy
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goods and services offered for sale
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supply
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amount of goods or services people want to buy
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demand
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free enterprise, profit, competition, product, manufacture, advertisement, trade, capitalism, renewable, nonrenewable, industry, raw materials, budget, barter, export, factory, import, economy, supply, demand
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Ecomonics Terms
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