SEM Ch. 3 Vocab

Amount of money remaining from income after all expenses are paid

• profit

• revenue stream

• economics

• loss

making decisions on how to use resources in ways that result in the greatest profit

• economic impact

• scarcity

• loss

• profit motive

an activity that will produce money

• revenue stream

• economic utility

• economics

• capital

Study of how goods and services are produced, distributed, and consumed

• economics

• budget

• economic impact

• profit

A limited amount of resources to produce goods/services

• scarcity

• loss

• return on investment

• economic impact

the effect produced by decisions made by consumers and businesses

• economic impact

• economic utility

• income statement

• profit motive

When businesses don't make enough money to cover their expenses

• loss

• profit

• scarcity

• venture capital

amount of satisfaction a person receives from the consumption of a product/service

• economic utility

• forecast

• economics

• revenue stream

Calculates the businesses return as a % of the money invested

• return on investment

• forecast

• economic impact

• budget

financing provided to start a company in return for part of the company

• venture capital

• budget

• balance sheet

• profit