Terms : Hide Images
| 2416242972 | Investment | refers to the use of resources by businesses, individuals, or government to increase productive capacity by developing new technology, obtaining new capital resources, or improving the skills of the work force. |  | 0 |
| 2416301336 | Productivity | is defined as the quantity of goods and services produced by an individual, a company, a sector of the economy, or an economy in a given amount of time. |  | 1 |
| 2416319090 | Inflation | may be defined as a rise in the general level of prices in an economy. |  | 2 |
| 2416490334 | Profit | The difference between the total revenue and the total cost of a business. |  | 3 |
| 2416498826 | Profit motive | A person's motivation to make a profit, and to earn money as an entrepreneur. |  | 4 |
| 2416538301 | Gross Domestic Product (GDP) | The most inclusive measure of an economy's output. It is defined as the market value of the total output of final goods and services produced in one year. |  | 5 |
| 2416554452 | Opportunity costs | the most important alternative that is given up as a result of a specific economic decision. |  | 6 |
| 2416888945 | Economic growth | When the economy experiences an increase in the actual amount of goods and services produced in a given time, |  | 7 |
| 2417450054 | Production | refers to the activity of combing resources to make goods and services. |  | 8 |
| 2417476452 | Resource | anything used to produce goods and services |  | 9 |
| 2417848223 | Entrepreneurship | the risk-taking that occurs when a person starts a new business. |  | 10 |
| 2417921964 | Business cycle | the continuous sequence of ups and downs in the economy |  | 11 |
| 2417925176 | Recession | decline in business activity. |  | 12 |
| 2417930201 | Depression | recession that continues for too long. |  | 13 |
| 2417949587 | Expansion | economic growth. |  | 14 |
| 2418026552 | Boom | Economic expansion in the business cycle |  | 15 |
| 2418037940 | Bust | Economic recession in the business cycle | | 16 |
| 2460013592 | Land | all natural resources: including land, water, air, and wildlife. |  | 17 |
| 2460024588 | Capital | the money, buildings, machinery, and equipment used to produce goods and services. |  | 18 |
