Junior Achievement Vocabulary 4th Grade

An organization that makes a product or performs a service that is sold to people, other businesses, and the government

• entrepreneur

• innovation

• invent

• business

A person who uses resources to start a business

• business

• inventor

• entrepreneur

• innovation

A new device or a new way of doing something

• innovation

• invent

• entrepreneur

• business

To make or think of something that did not exist before

• invent

• innovation

• business

• entrepreneur

Buildings, tools, and machines that businesses use

• capital resources

• human resources

• natural resources

• resources

Things that occur naturally such as air, water, minerals, and trees

• resources

• human resources

• natural resources

• capital resources

People who do the work that businesses need

• resources

• natural resources

• capital resources

• human resources

Something that is used to produce a good or service

• human resources

• resource

• capital resource

• natural resource

When a business makes more money in sales than it spends on expenses

• expense

• profit

• loss

• revenue

Money spent for something

• advertising

• expense

• profit

• loss