CFE -Economics Review

Front

Which of the following describes an entrepreneur?

Back

A person who organizes, operates, and assumes the risk for a business venture.

Front

The buildings, machines, and tools that companies use to make products

Back

capital resources

Front

A person who buys goods and services

Back

consumer

Front

What do we call all of the resources required to make a product (good or service)?

Back

four factors of production

Front

A general increase in prices

Back

inflation

Front

The place where goods and services are exchanged

Back

market

Front

Something we use from nature

Back

natural resource

Front

The idea that resources are limited

Back

scarcity

Front

Basic things humans need to survive

Back

need

Front

money paid to the government through income, sales, and purchase of property

Back

taxes