Business Vocabulary

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Profit

Back

The amount of money a business makes after its expenses are paid.

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Entrepreneur

Back

A person who has the ideas and skills to start a business.

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Needs

Back

Things that people must have in order to survive.

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Tenacious

Back

An adjective describing someone who is determined and persistent.

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Booking

Back

Arrangements to have hotel tickets, etc.

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Supply

Back

The total amount of a good or service available for purchase.

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Demand

Back

The desire of consumers to purchase goods and services at given prices.

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Scarcity

Back

The limited availability of resources to meet unlimited wants.

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Opportunity Cost

Back

The loss of potential gain from other alternatives when one alternative is chosen.

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Laborer

Back

A person who works, typically in manual or unskilled jobs.