Unit 1 Vocabulary

Front

Fill in the blank: ________ are lines of latitude and longitude that divide the earth into halves.

Back

Hemisphere

Front

A ________ is a land mass inhabited by people who share a common territory and government.

Back

Nation

Front

An ________ is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Back

Entrepreneur

Front

Fill in the blank: ________ means using or showing new and creative ideas.

Back

Innovative

Front

Fill in the blank: ________ is the amount of money an entrepreneur or business earns after paying their expenses.

Back

Profit

Front

Fill in the blank: ________ are the long term weather patterns in a particular area.

Back

Climate

Front

Fill in the blank: ________ is the effect that an event, policy change, or market trend will have on economic factors such as interest rates, consumer confidence, stock market activity, or unemployment.

Back

Economic impact

Front

Fill in the blank: ________ is income, especially when of a company or organization and of a substantial nature; a state’s annual income from which public expenses are met.

Back

Revenue

Front

Fill in the blank: ________ is a plan for spending.

Back

Budget

Front

Fill in the blank: ________ is the amount of money a person earns during a year.

Back

Income