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

When a business pays more in expenses than it makes in sales

• profit

• advertising

• expense

• loss

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

• resources

• human resources

• natural resources

• capital resources

Someone whose business it is to supply a service or a good to other businesses.

• supplier

• economy

• supply chain

• interdependence

A person who uses resources to start a business

• business

• inventor

• entrepreneur

• innovation

When individuals or groups depend on one another.

• supply chain

• supplier

• interdependence

• economy

The chance of loss or failure

• reward

• risk

• price

• supply

Buildings, tools, and machines that businesses use

• capital resources

• human resources

• natural resources

• resources

What is gained from making a decision

• price

• supply

• risk

• reward

The amount charged for a good or service

• reward

• price

• risk

• supply