The cost of running a business.

How much of something producers are willing to make.

When there is a want or a need for a good or service that isn't being met.

Producers have made too much of a product or service.

Business managed by independent companies or private citizens instead of by government.

A person who sees an opportunity and takes a risk to start a new business.

Money coming into a business as a result of sales.

Citizens are allowed to choose who to work for and how to spend their money.

A business can lose money when expenses are greater than revenue.

Goods and services we would like to have, but are not necessary.

Physical products that we can buy.

When producers have not made enough of something.

How much of something consumers are willing to buy.

A business makes money when revenue is greater than expenses.

We pay people to perform for us--either because we can't or do not want to do it for ourselves.

A product or service that consumers MUST have.

System where the laws of supply and demand direct the prosecution of goods and services. Consumers decide what will succeed or fail.

Offering similar goods or services as another business.

An organization where goods and/or services are exchanged typically for money.

Any person who shops and pays for goods and services.

A competitive club for students interested in business.

Walt Disney, Bill Gates, Steve Jobs.

Disney World, Microsoft, Apple.