AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Lawn Boy: Economics Vocabulary Flashcards

Lawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics VocabularyLawn Boy: Economics

Terms : Hide Images
494549708BarterTo trade goods or services without using money.
494549709BenefitSomething you gain when you make a choice.
494549710Budgeta plan for earnings and spending money.
494549711Capital GainsThe profit made by selling in an investment, such as a stock or a piece of property.
494549712Capitalwealth in the form of money or property that has accumulated in a business and is often used to create more wealth.
494549713CapitalismThe ability to own your own business to compete against other businesses.
494549714Cash flowThe movement of cash into or out of a business, project or financial product.
494549715CostSomething you give up when making a choice.
494549716Demandthe amount of goods and services that consumers want to buy.
494549717DiversificationManufacturing different products.
494549718EarningsMoney earned for work.
494549719Economicsthe study of how choices are made.
494549720EntrepreneurshipThe act of organizing and operating a business enterprise and assuming risks involved.
494549721Financial CapitalMoney invested in what's needed to produce goods and services.
494549722Growththe process of growth; development.
494549723GrossTotal, before anything, (like taxes and expenses) is subtracted from income.
494549724IncentivesThings such as rewards that motivate a person to do something.
494549725Investmentthe act of using money or time for a profit or advantage.
494549726Managementthe person who manages a business or organization
494549727Market Economyan economic system in which private individuals own the factors about reproduction, distribution and consumption.
494549728Opportunity Costthe best option given up when you make a choice.
494549729Priceamount of money or goods asked or gives for something.
494549730ProfitThe money you make after subtracting the expenses from the total amount you made.
494549731Riskto expose to a chance of harm or loss
494549732Scarcityan insufficient amount of supply.
494549733Stock Marketa place where shares in a company are bought and sold.
494549734Supplythe amount of goods and services available for consumers to buy.
494549735Taxesa contribution for the support of the government required of persons, groups or businesses within the domain of that government.

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!