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