| A | B |
|---|
| Free Enterprise | A name for the American style of economy: same as capitalist or market economy |
| consumer | one who buys and uses products |
| exchange | the act of giving another person something and getting something back |
| Voluntary exchange | An exchange someone makes on purpose |
| Discrimination | Unfair treatment because of a person's race, age, sex, religion or physical condition |
| total revenue | All money received by selling something |
| total costs | All costs involved in making something to sell |
| Revenue | All money taken in by a business |
| fixed cost | A cost that stays the same no matter how much business is done |
| Overhead | the cost of doing business |
| Variable cost | a cost that changes |
| Lay off | To release a worker from a job because there is no longer work to do |
| Loss | Money is lost because the total cost of doing business is more than the total revenue |
