| A | B |
|---|
| citizen | A member of a town, city, county, state, or country. |
| market economy | A system in which people and businesses buy and sell goods, services, and resources. |
| resources | Things and people used to produce goods and services. |
| trade | Exchange goods and services, usually for money. |
| soft skills | Skills that represent the way. employees act on a job, such as being punctual, treating custmers with kindness, working as a team, and dressing appropriately. |
| community | A place where people live, work, trade, and share. |
| entrepreneur | An innovator; one who recognizes opportunities and organizes resources to take advantage of them. |
| nonprofit organizations | Institutions developed to increase the well-being of others in certain areas, such as education, religion, health and other good causes. |
| skills | Developed activities a person does well. |
| free enterprise | A system in which economic decisions are made in markets by people and businesses with little government influence. |
| opportunity cost | The value of the next best alternative given up when a choice is made. |
| economy | A system of production, consumption, and distribution of goods services, and resources. |
| taxes | Required payments to the government. |
| profit | The money left over after a business pays all of its costs. |
| employee | A person who works for an employer. |
| gross pay | The amount an employee has earned before any taxes or other deductions are subtracted. |
| employer | A person or business that hires one or more people, usually for a salary. |
