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SS #18 Free Enterprise

AB
consumera person who buys and uses goods and services
market1) a place where buyers and sellers meet 2) potential customers for a product or service.
incentive taxa reason for action
demandthe amount of goods or services consumers are willing to buy at a certain price at a given time.
efficiencythe state of being productive without wasting time, money, or energy
corporationa business owned by stockholders
cooperativepeople who join together to ensure the best price for their products.
free enterprise systeman economic system in which buyers affect which goods and services are produced


Basic Skills Instructor
Baldwin Park Adult and Community Education
CA

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