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21 Cards in this Set

  • Front
  • Back
being able to have or run your own business
free enterprise
the attempt of one producer to get buyers to purchase their goods instead of those of another producer
competition
the amount left over after all expenses have been paid from the money received
profit
goods that are made or grown to be used or sold
product
to make from raw materials by hand or machine
manufacture
a public announcement showing a product or service
advertisement
to give in exchange for something else
trade
an economic system based on private ownership of goods and the means to produce them in a free market
capitalism
to make or become new, fresh or strong again
renewable
can not be restored or made new again
nonrenewable
the making of goods
industry
anything that can be manufactured, treated, or produced to make it more useful
raw materials
a plan for using money
budget
to trade or exchange without using money
barter
an item that is sent to another country for sale or trade
export
a building equipped for manufacturing goods
factory
any goods that are brought into a country for sale or use
import
careful use of money and goods
economy
goods and services offered for sale
supply
amount of goods or services people want to buy
demand
free enterprise, profit, competition, product, manufacture, advertisement, trade, capitalism, renewable, nonrenewable, industry, raw materials, budget, barter, export, factory, import, economy, supply, demand
Ecomonics Terms