Business Fair Vocabulary

2. the amount of product that people are willing to buy
5. amount of money earned after subtracting expenses
6. things that improve life, not really necessary to sustain it
7. someone who starts a new business with hopes of making a profit
9. the power to produce goods or services
10. total amount of earnings from a sale
13. amount of money spent to produce and sell goods or services
15. work that is done for others for a fee
16. things necessary for survival
17. when the amount of money earned is less than the cost to produce or provide goods and services

1. someone who makes or provides goods and services
3. people have freedom to start businesses, choose products and services, decide what to charge and have the opportunity to buy/sell land
4. someone who buys or uses goods and services
8. physical items up for sale
11. outley of money for income or profit
12. type of business organization that has multiple owners but the company is treated as a single entitiy
14. system for producing, distributing and consuming goods and services
15. amount of product ready to be sold