| A | B |
| SERVICES | work performed by one person for someone else |
| CONSUMER | person who purchases goods and services |
| PRODUCER | person, company, or country that makes, grows, or supplies goods |
| GOODS | products used to satisfy the wants and needs of people |
| ECONOMIC SYSTEM | each country's way of meeting the wants and needs of its people |
| ECONOMICS | studying how things are made, bought, and used |
| RESOURCES | the items used in making goods and services |
| ENTREPRENEUR | individual who owns a business, improves a process, or creates a new product |
| REVENUE | the income a business or government collects |
| MARKET | free and willing exchange of goods/services between sellers and buyers |