Economics Vocab

The study of how people make and spend money

• consumer

• ecomonics

• entrepreneur

• human resources

Person who starts a business

• consumer

• economics

• entrepreneur

• capital resources

Person who buys things

• consumer

• economics

• entrepreneur

• consumable resources

Person who makes goods/provides services

• barter

• good

• service

• producer

Something that is made, bought, and sold

• expenses

• good

• service

• producer

Work done for a person for money

• profits

• good

• service

• producer

To trade or exchange goods and services

• barter

• entrepreneur

• expenses

• profits

Money a business has left after all expenses are paid

• barter

• consumer

• expenses

• profits

Money spent to make a good or provide a service

• barter

• economics

• expenses

• profits

Workers who make your good or help run your service

• capital resources

• consumable resources

• superhuman resources

• human resources