INDUSTRIAL REVOLUTION UNIT VOCABULARY

What is the term for money or other objects owned by a company for running the business?

• Capital

• Consumer

• Demand

• Supply

Who is a person that purchases goods and services?

• Entrepreneur

• Consumer

• Labor

• Producer

What is the desire of consumers for a particular service or good called?

• Supply

• Demand

• Market

• Profit

Who is a person that organizes and operates a business?

• Laborer

• Consumer

• Entrepreneur

• Supplier

What term describes merchandise or possessions?

• Goods

• Services

• Capital

• Industry

What is a particular form or branch of economic or commercial activity called?

• Market

• Industry

• Production

• Supply

What term refers to workers?

• Labor

• Capital

• Profit

• Market

What is the action of making or manufacturing from raw materials called?

• Supply

• Production

• Demand

• Immigration

What is the financial gain, especially the difference between the amount earned and the amount spent in a business?

• Wage

• Profit

• Capital

• Supply

What is the term for the amount of a good or service offered for sale?

• Demand

• Supply

• Market

• Industry