Personal Finance

People and things used to produce goods and services.

• Resources

• Profit

• Consumer

• Citizen

Merchandise and skills offered in markets for a price.

• Profit

• Citizen

• Goods and Services

• Entreprenuer

An economy in which economic decisions are made by the markets.

• Scarcity

• Goods and Services

• Consumer

• Free Enterprise

A situation in which people can't have everything they want due to limited resources.

• Citizen

• Scarcity

• Free Enterprise

• Business

The money left over after a business pays all its costs.

• Scarcity

• Free Enterprise

• Citizen

• Profit

Someone who makes goods or offers services that will be sold.

• Consumer

• Profit

• Producer

• Scarcity

A person who uses resources to start a business.

• Consumer

• Producer

• Profit

• Entreprenuer

A company that sells goods or services.

• Business

• Citizen

• Profit

• Consumer

Someone who buys and uses goods and services.

• producer

• consumer

• entreprenuer

• business

A member of a town, city, county, state, or country.

• consumer

• producer

• entreprenuer

• citizen