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Economics Vocabulary

AB
consumerpeople who buy goods or services to satisfy their wants and needs
producerpeople who make products or provide services for sale
interdependencedepending on eachy other as consumers depend on producers and producers depend on consumers
investora person who puts money into something in the hopes of a profitable return
entrepreneuran individual who organizers the use of productive resources to produce goods or services
entrepreneurshipthe skill and ledership used by people to start businesses and produce products
riskthe chance that a result will not be what is expected
benefitsomething that promotes or enhances well-being
natural resourcesanything fournd in nature that people can use
productive resourcesresources used to make goods and services
human resourcesthe contribution of people to a business
capital goodsthe money and things used in order to make other goods or services
profitwhen a company earns more money than it spends
goodsproducts that are manufactured, built, or grown by producers and used by consumers
servicesactivities provided by producers and used by consumers
sharea unit of ownership in a business
share holdersomeone who owns part of a company



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