| A | B |
|---|
| inventory | the quality of goods and materials a business has to sell |
| productivity | rate goods and services are produced |
| factors of production | what is needs to produce goods and services |
| resources | materials needed to produce goods and services (not including labor) |
| labor | people who are paid to do work |
| capital | money,equipment, buildings, etc. to run a business |
| entrepreneur | one who starts a business |
| profit | money made after costs are paid |
| industry | type of business |
| wage | money earned for work, usually paid by the hour |
| salary | an annual income paid at regular intervals |
