1. economics- (n.) the science of how goods and services are
made, used, and shared
2. economy- (n.) the circulation of money in businesses, trade,
and finance in a country or area.
3. capital resources- (n.) the tools that are used to do the work
(machines, computers, people)
4. capital - (n.) money or property used to start or run a
business.
5. consumers- (n.) people who buy or rent goods and services
and use them
6. demand- (n.) the need or desire for a good or service that people pay for
7. free market - (n.) an economic system in which individuals and businesses freely compete for customers
8. entrepreneur- (n.) a person who takes on the risk of creating or managing a business
9. currency- (n.) money (could be different depending on country)
10. income- (n.) money that is earned
11. barter- (v.) to trade
12. investor- (n.) a person, company, or organization, that puts money into a business hoping to make a profit
13. profit- (n.) the money earned from a business or investment after all costs are paid
14. supply- (n.) the amount of something available for sale or use.
15. capitalism- (n.) an economic system in which all parts of producing a product are controlled by companies or individuals rather than the government.
Homework 11/29/12L.A: 1. Read for 30 minutes
2. Complete 1 Vocabulary Contract activity
3. Write 1 paragraph answer to personal gain/profit question that is in your agenda.
Math Bell: Interpret Point HW
Math Smith: Finish flashcards & Constructing Polygons WS
No comments:
Post a Comment