Unit 11 Vocab

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

• manager
• employee
• entrepreneur
• investor

 the amount of money an entrepreneur or business earns after paying their expenses.

• loss
• revenue
• debt
• profit

 products and materials that people want.

• Ideas
• Money
• Services
• Goods

actions people perform for economic benefit.

• goods

• debt

• services

• monetary transactions

the total amount of income generated by the sale of goods and services

• loss
• revenue
• expense
• profit

an amount of money loaned to a person that must be paid back along with additional interest.

• Credit

• Profit

• Gift
• Donation

the amount of money a person earns during a year.

• Debt

• credit

• income
• expenditure

using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits

• credit

• debt

• Savings

• investing

setting aside income for future use.

• spending
• saving
• borrowing
• investing

the amount a person purchases.

• spending

• saving

• investing

• debt