| A | B |
|---|
| Business | Any activity or organization that produces or exchanges goods or services for a profit. |
| Capital | Resources and goods made and used to produce other goods and services. Examples include buildings, machinery, tools and equipment. In the context of credit transactions, capital is one of the Three Cs of Credit. It is an indicator of how creditworthy a prospective borrower is likely to be as determined by the borrower's current financial assets and net worth. |
| Capital Resources | Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings. |
| Check | A written order to a financial institution directing the financial institution to pay a stated amount of money, as instructed, from the customer's account. |
| Choice | Decision made or course of action taken when faced with a set of alternatives. |
| Credit | The opportunity to borrow money or to receive goods or services in return for a promise to pay later. |
| Entrepreneur | One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit. Often a risk-taker, inclined to see opportunity when others do not. |
| Entrepreneurship | A characteristic of people who assume the risk of organizing productive resources to produce goods and services; a resource. |
| Goods | Tangible objects that satisfy economic wants. |
| Human Resources | The health, education, experience, training, skills and values of people. Also known as human capital. |
| Intermediate Good | A good that is used in the production of final goods and services. |
| Labor | The quantity and quality of human effort available to produce goods and services. |
| Land | Gifts of nature that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as natural resources. |
| Natural Resources | Gifts of nature that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as land. |
| Product | Something manufactured or refined for sale. |
| Production | The act, process or result of manufacturing or refining something. |
| Productive Resources | Natural resources, human resources, capital resources and entrepreneurship used to make goods and services. |
| Resources | The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital. |
| Services | Activities performed by people, firms or government agencies to satisfy economic wants. |
