| A | B |
|---|
| private enterprise system | free enterprise system |
| motivate | cause to act |
| competition | contest between businesses |
| profit | money left over after business had paid expenses |
| entrepreneur | person who starts and manages a business |
| freedom to buy | advantage of the "free enterprise" system |
| freedom to produce and sell | advantage of the "free enterprise" system |
| freedom to work | advantage of the "free enterprise" system |
| failure | chief risk of starting a business |
| competition | keeps prices low and quality high |
| trait of an entrepreneur | able to plan well |
| trait of an entrepreneur | effective communication |
| sole proprietorship | business run by one person |
| partnership | business run by two or more |
