JA Vocabulary Lesson 1

Front

The freedom to act in a certain way.

Back

Right

Front

Things that occur naturally in the world and that are used to make goods or provide services.

Back

Natural Resources

Front

The exchange of money, goods, and resources in a market economy.

Back

Trade

Front

Work done for others, such as haircuts or car repairs.

Back

Services

Front

Things people buy and use

Back

Goods

Front

The labor, skills, and abilities of workers

Back

Human Resources

Front

The quality of being dependable

Back

Responsibility

Front

The people and things needed to produce goods and services.

Back

Resources

Front

A place where people live, work, and share

Back

Community

Front

A system in which economic decisions are made by people and businesses, with little government influence.

Back

Free Enterprise