chapter 21

Question 1

capital goods:

Answer 1

machines, technology, tools, equipment, and any other man-made goods used to make other goods or services

Question 2

competition

Answer 2

organization try to outperform each other

Question 3

entrepreneur

Answer 3

a person who takes the risk to organize resources to produce a new or better good or service in hopes of gaining a profit

Question 4

human resources:

Answer 4

the employers and employees who help produce goods and services

Question 5

loss:

Answer 5

an amount of money lost by a business or organization

Question 6

natural resource

Answer 6

a naturally made up item such as a tree or a mineral

Question 7

profit

Answer 7

the money in a business you earn or the money left over in a buisness

Question 8

productive resource:

Answer 8

a resource used to produce a good or service

Question 9

risk

Answer 9

: the possibility or chance of loss, danger, or injury

Question 10

visionary

Answer 10

a person who has expedencial ideas for the future