SS Entrepreneur Vocabulary

Front

An example of an ______ is someone who starts their own business.

Back

entrepreneur

Front

Demand is the amount of a _______ that consumers are willing to purchase.

Back

good or service

Front

What is the money left over after a business pays all its expenses called?

Back

profit

Front

A free market economy means __________.

Back

The government DOES NOT tell the people what they can make or sell.

Front

A system where people buy, sell, and trade goods and services.

Back

economy

Front

An example of a product is ______.

Back

a video game

Front

_____ is how many people want to buy your product. If lots of people want to buy it, there's a high ____. If no one wants it, there's a low ____.

Back

demand

Front

_____ is how much of something you have to sell. If you have a lot to sell, you have a high _____. If you're almost out, you have a low _____.

Back

supply