| A | B |
|---|
| Capital goods | Manufactured or constructed items that are used to produce goods and provide services |
| Competition | The rivalry between two or more businesses to attract scarce customer dollars |
| Economic resources | The human and natural resources and capital goods used to produce goods and services |
| Economic system | The organized way in which a country handles its economic decisions and solves its economic problems |
| Entrepreneur | An individual who: invents, develops, and distributes a good or provides a service; assumes the risks of starting and building a business; and receives personal and financial rewards for her/his efforts |
| Human resources | People who work to produce goods or services |
| Market economy | An economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in the marketplace |
| Marketplace | Anywhere the buying and/or selling of goods and services takes place |
