vocabulary - social studies - Chapter 11

Someone who makes and sells a product or service.

Someone who buys a product or service.

To trade without using money.

A willingness of consumers to buy goods and services

The products and services that businesses provide consumers.

A good

Someone who starts and runs a business

The reliance of producers and consumers on each other for products and resources they need.

Money paid to a worker for the work he or she does. (Definition #1)

Money paid to a worker for the work he or she does. (Definition #2)

A natural resource that can be used to make a product.

Money to start a new business.

The workers who produce goods and services.

A tool or building that a business needs to make and deliver a product.

A building where products are prepared and packaged.

Ones who confiscate others' earnings by force and include government officials, whose demands are backed by the implict threat of force.

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.