Entrepreneurship Terms

2. “picture” of what you want the future to be
4. Natural ability to do a particular type of work or activity well
6. Shows the quantity of a product or service consumers are willing to buy across a range of prices over a specified period of time
8. Operate solely to serve the good of society
11. Suppliers and consumers control the production, allocation, and prices of goods and services
12. Company that adopts business practices aimed at protecting or improving the environment
13. To think or act like an entrepreneur
14. The price at which supply equals demand
16. Way of viewing or thinking about something that affects how you feel about it
18. Evaluating your strengths and weaknesses
21. Work program that provides practical, on-the-job training in a business setting
23. Process of being an entrepreneur

1. An incentive that encourages entrepreneurs to take business risks in the hope of making a profit
3. Person who works in a business owned by someone else
4. Internship in which a technical or trade skill is taught
5. The quantity of goods and services consumers are willing to buy at a specific price and specific time
7. A transaction in which both suppliers and consumers believe they benefit
9. Practice of giving employees opportunities to be creative and try out new ideas within a company
10. A social science concerned with how people satisfy their demands for goods and services when the supply of those goods and services is limited
15. The market economy or free enterprise system
17. Organization that provides products or services, usually to make money
19. Someone who creates and runs their own business
20. Person who provides free guidance, tutoring, and suggestions for achieving your goals
22. Ability that’s learned through training and practice
24. The quantity of goods and services a business is willing to sell at a specific price and a specific time