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Economics

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1.

FREE ENTERPRISE

  • The economic system that allows people to own any business that is allowed by law.
Photo by Elvert Barnes
2.

MARKET ECONOMY

ANOTHER NAME FOR FREE ENTERPRISE.
Photo by Parker Knight
3.

ENTERPRENEUR

A PERSON WHO STARTS HIS OR HER OWN BUSINESS.
Photo by Faye Yu
4.

HUMAN CAPITAL

THE PEOPLE AND IDEAS NEEDED TO PRODUCE SOMETHING.
Photo by Wolfgang Staudt
5.

CAPITAL RESOURCES

THE MACHINE NEEDED TO PRODUCE SOMETHING.
Photo by LendingMemo
6.

INVESTOR

A PERSON OR COMPANY THAT INVEST MONEY.
Photo by Heisenberg Media
7.

OPPORTUNITY COST

  • The value of what someone gives up in order to buy something else.
Photo by stevendepolo
8.

SPECIALIZE

TO CONCENTRATE ON JUST ONE ACTIVITY.
Photo by Paul. B
9.

MIGRANT WORKER

  • A person who moves from one place to another to harvest different crop as they ripen.
Photo by amira_a
10.

SERVICE INDUSTRY

AN INDUSTRY THAT SERVES PEOPLE.
Photo by nikzane
11.

COMPETITION

  • The rivalry between two or more business going for the same customer.
Photo by PeterThoeny
12.

CORPORATION

A BUSINESS THAT BELONG TO MANY PEOPLE
Photo by James Marvin Phelps
13.

ROBOTICS

THE STUDY OF THE DESIGN OF MACHINES.
Photo by Nic's events
14.

MICROTECHNOLOGY

THE DEVELOPMENT OF TINY MACHINES AND OBJECT.
Photo by Laurence Vagner
15.

BIOTECHNOLOGY

  • Technology that uses living cells to create new medicines.
Photo by enggul
16.

INTERDEPENDENT

RELYING ON ONE ANOTHER TO MEET NEEDS AND WANTS.
Photo by DonkeyHotey
17.

INTERNATIONAL TRADE

TRADE BETWEEN NATIONS.
Photo by Ashitakka
18.

EXPORT

A GOOD SOLD OR TRADED TO ANOTHER COUNTRY.
Photo by augschburger
19.

IMPORT

A GOOD BOUGHT IN FROM ANOTHER COUNTRY FOR SALE OR USE.
Photo by Håkan Dahlström
20.

PARTNERSHIP

  • A business run by two or more people who share the profit and loss.
Photo by U.S. Army Alaska

Annie Giang