vocabulary - social studies - Chapter 11

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fssdpgsk-4
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71795
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vocabulary - social studies - Chapter 11
Updated:
2011-03-29 22:18:21
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vocabulary
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Vocabulary
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  1. Someone who makes and sells a product or service.
    producer
  2. Someone who buys a product or service.
    consumer
  3. To trade without using money.
    barter
  4. A willingness of consumers to buy goods and services
    demand
  5. The products and services that businesses provide consumers.
    supply
  6. A good
    product
  7. Someone who starts and runs a business
    entrepreneur
  8. The reliance of producers and consumers on each other for products and resources they need.
    interdependence
  9. Money paid to a worker for the work he or she does. (Definition #1)
    wage
  10. Money paid to a worker for the work he or she does. (Definition #2)
    income
  11. A natural resource that can be used to make a product.
    raw material
  12. Money to start a new business.
    capital
  13. The workers who produce goods and services.
    human resource
  14. A tool or building that a business needs to make and deliver a product.
    capital resource
  15. A building where products are prepared and packaged.
    factory
  16. Ones who confiscate others' earnings by force and include government officials, whose demands are backed by the implict threat of force.
    looters
  17. Ones who demand others' earnings on behalf of the needy and those unable to earn themselves, however, they curse the producers who make that help possible and are jealous and resentful of the talented on whom they depend.
    moochers

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