chapter 21 Flashcards
an individual who organizes different productive resources to product goods or services
entrepreneurs
the possibility of chance of loss, danger, or injury.
risk
money that is made in a business after all costs and expenses are paid.
profit
a person who has an exceptional ability to plan or have ideas for the future
visionary
the employers and employees who help produce goods and services
human resources
the amount of money lost by a business or organisation
loss
human made materials needed to produce goods and services
capital goods
productive resources that come from nature , such as water and land
natural resources
resources used to make goods and services
productive resources
a situation in which someone is trying to win something or be more successful than someone else
competition
