BizTown Vocabulary (Community and Vocabulary)

Front

A company that sells goods or services

Back

business

Front

Things made by people and used to produce goods or offer services - a factory for example

Back

Capital Resources

Front

A model of the movement of goods, services, resources, and money in an economy

Back

Circular Flow Model

Front

Members of a town, city, country, state, or country. Also have certain rights and responsibilities.

Back

Citizens

Front

A place where people live, work, and trade

Back

Community

Front

People who buy and use goods and services.

Back

Consumers

Front

A person who uses resources to start a business

Back

entrepreneur

Front

A system in which economic decisions are made in markets by people and use businesses, with little government influence

Back

free enterprise system

Front

Things people buy and use

Back

Goods

Front

The labor, skills, and abilities of workers used in production

Back

Human Resources