My vocabularyBy: Jamesha Woodruff

business

A business is a specific occupation that a person partakes in. It also refers to an occupation or company that someone owns, and is also an affair or matter.

capital Capital is the asset available for use in

the production of further assets. In other words, capital is the wealth in the form of money or property owned by a person or business and human resources of economic value.

economy Economy is generally described by the

abundance of funds and resources a region has. Economy is also described in terms of the jobless rates and how traded goods are selling.

Entrepreneur

An entrepreneur is someone who goes into business for themselves. They are their own boss which is great. I think it is great to become your own boss.

Employee

Person working for another person or a business firm for pay

Profit

Profit is the amount of money returned or gained from an investment or business. It is not the same with the money being spent in purchasing products

Free Enterprise System

Free enterprise system -- An economic system characterized by private ownership of property and productive resources, the profit motive to stimulate production, competition to ensure efficiency, and the forces of supply and demand to direct the production and distribution of goods and services.

resource

www.google.com www.ask.com www.teachmefinance.com www.bing.com