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goods
Tangible products such as computers, food, clothing, appliances, and cars
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services
intangible products such as education, healthcare, insurance, travel, and tourism
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business
any activity that seeks to provide goods and services to others while operating at a profit
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entrepreneur
a person who risks time and money to start and manage a business.
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revenue
the total amount of money a business takes in during a given period by selling goods and services
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profit
the amount of money a business earns above and beyond what it spends for salaries and other expenses
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loss
when a businesses expenses are more than its revenues
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