| A | B |
|---|
| Economy | A system for producing and distributing goods and services |
| Private property | Something owned by individual people or groups. |
| Free enterprise | An economy where people are free to start their own business and own property. |
| Profit | The money a business has left over after it has paid all of its costs. |
| Supply | The amount of product that is available. |
| Demand | The amount of product that people are willing to buy. |
| Export | A good that one country sells to another country. |
| Import | A good that one country buys from another country. |
| Consumer | A person who buys or uses goods and services. |
| Entrepreneur | A person who starts a business, hoping to make a profit. |
| Thomas Edison | A famous inventor credited with inventing such things as the light bulb, phonograph, and movie camera. |
| Madam C.J. Walker | The first African American woman to become a millionaire. She started a beauty products business. |
