A willingness of consumers to buy goods and services
demand
The products and services that businesses provide consumers.
supply
A good
product
Someone who starts and runs a business
entrepreneur
The reliance of producers and consumers on each other for products and resources they need.
interdependence
Money paid to a worker for the work he or she does. (Definition #1)
wage
Money paid to a worker for the work he or she does. (Definition #2)
income
A natural resource that can be used to make a product.
raw material
Money to start a new business.
capital
The workers who produce goods and services.
human resource
A tool or building that a business needs to make and deliver a product.
capital resource
A building where products are prepared and packaged.
factory
Ones who confiscate others' earnings by force and include government officials, whose demands are backed by the implict threat of force.
looters
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.