Entrepreneurship Terms

1. Evaluating your strengths and weaknesses
4. Ability that’s learned through training and practice
6. Operate solely to serve the good of society
8. Suppliers and consumers control the production, allocation, and prices of goods and services
10. Company that adopts business practices aimed at protecting or improving the environment
13. An incentive that encourages entrepreneurs to take business risks in the hope of making a profit
14. Someone who creates and runs their own business
15. To think or act like an entrepreneur
18. Shows the quantity of a product or service consumers are willing to buy across a range of prices over a specified period of time
19. The market economy or free enterprise system
20. Process of being an entrepreneur
22. Natural ability to do a particular type of work or activity well
23. Organization that provides products or services, usually to make money

1. The quantity of goods and services a business is willing to sell at a specific price and a specific time
2. The price at which supply equals demand
3. A transaction in which both suppliers and consumers believe they benefit
5. The quantity of goods and services consumers are willing to buy at a specific price and specific time
7. Practice of giving employees opportunities to be creative and try out new ideas within a company
9. Way of viewing or thinking about something that affects how you feel about it
11. Person who provides free guidance, tutoring, and suggestions for achieving your goals
12. Internship in which a technical or trade skill is taught
16. Work program that provides practical, on-the-job training in a business setting
17. “picture” of what you want the future to be
20. Person who works in a business owned by someone else
21. A social science concerned with how people satisfy their demands for goods and services when the supply of those goods and services is limited