Biztown Community and Economy 2

A good produced and offered for sale.

• Product

• Business

• capital resources

• circular flow

Things made by people and used to produce goods or offer services - factory , for example.

• Product

• Business

• capital resources

• circular flow

A model of the movement of goods, services, resources, and money in an economy.

• Product

• Business

• capital resources

• circular flow

A company the sells goods or services.

• Product

• Business

• capital resources

• circular flow

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

• consumers

• economy

• entrepreneur

• free enterprise

A person who uses resources to start a business.

• consumers

• economy

• entrepreneur

• free enterprise

How a country makes and manages goods, services, and money.

• consumers

• economy

• entrepreneur

• free enterprise

People who buy and use goods and services.

• consumers

• economy

• entrepreneur

• free enterprise

Things people buy and use.

• goods

• human resources

• labor

• mixed economy

The labor, skills, and abilities of workers.

• goods

• human resources

• labor

• mixed economy