Economics Unit

people can invest and spend their money as they like

• free market economy

• capital economy

• choice economy

put money into something in the hope of getting more money back later

• gain

• debt

• invest

• lose

a person who invests his/her own time and money in a business to make a profit

• worker

• boss

• entrepreneur

amount of money a business earns after it pays all of its expenses

• loss

• debt

• profit

• money

resources that come from nature

• human resources

• natural resources

• capital goods

the labor that goes into making a good or providing a service

• human resources

• natural resources

• capital goods

the tools, equipment, and machines needed to produce other goods and services

• human resources

• natural resources

• capital goods

hammers, computers, delivery vehicles, roads

• human resources

• natural resources

• capital goods

metal, water, plants, soil

• human resources

• natural resources

• capital goods

factory workers, farmer, cooks

• human resources

• natural resources

• capital goods