Jim's Popcorn Daydream Vocab

Front

People and things used to produce goods and services

Back

Resources

Front

Merchandise and skills offered for a price

Back

Goods and Services

Front

Economy where decisions are made in markets

Back

Free Enterprise

Front

Limited resources prevent people from having everything they want.

Back

Scarcity

Front

Money left after a business pays all costs

Back

Profit

Front

Someone who makes goods or offers services for sale

Back

Producer

Front

A person who uses resources to start a business

Back

Entrepreneur

Front

A company that sells goods or services

Back

Business

Front

Someone who buys and uses goods and services

Back

Consumer

Front

Member of a town, city, county, state, or country

Back

Citizen