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Java Games: Flashcards, matching, concentration, and word search. |
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| Mixed system | An economic system in which individuals make most economic decisions but some government control and ownership exist |
| Natural resources | Items that are found in nature and used to produce goods and services |
| Price-directed system | A descriptive term for the American private enterprise economy because price determines what people buy, the jobs they take, the success or failure of businesses, and the products that will be produced |
| Profit motive | The desire to make a profit which moves people to invest in business |
| Private property | Anything of value that people own |
| Profit | Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid |
| 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 |
| Private enterprise | An economic system in which individuals and groups, rather than the government, own or control the means of production; also known as free market economy, private profit system, market system, capitalistic system, or free enterprise system |
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Business Marketing Teacher, Career Technical Education |
CENTRAL CABARRUS HIGH SCHOOL |
| Concord, NC |
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