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Economics Vocabulary

AB
BondsIssued by government, they gain interest over a period of time.
StocksShares of ownership in a company
Laissez-faireHands off policy of government in the economy
capitalWealth in the form of machinery, money, buildings of a business
productionUse of resources to create goods and services.
distributionProcess of moving goods and services to consumers.
consumerPerson who buys goods and services.
sole proprietorshipA business owned and operated by one person.
partnershipA business owned by more than one person.
corporationA business established as a legal entity.
profitMoney remaining after all expenses are paid.
non-profit organizationAn organization like a charity that does not intend to make a profit.


Social Studies Teacher
Dunedin High School
New Port Richey, FL

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