1. DEFINITIONS BY MICHAELA BYARS

2. BUSINESS A building or site where commercial work is carried on, as a factory, store, or office; place of work: His business is on the corner of Broadway and Elm Street. An occupation, profession, or trade: His business is poultry farming. The purchase and sale of goods in an attempt to make a profit. A person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.corporationcommerce Volume of trade; patronage: Most of the store's business comes from local families.

3. CAPITAL 1. the city or town that is the official seat of government in a country, state, etc.: Tokyo is the capital of Japan. 2. a city regarded as being of special eminence in some field of activity: New York is the dance capital of the world. 3. capital letter.capital letter. 4. the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc.corporation 5. an accumulated stock of such wealth.

4. ECONOMY 1. thrifty management; frugality in the expenditure or consumption of money, materials, etc. 2. an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus. 3. the management of the resources of a community, country, etc., especially with a view to its productivity.community 4. the prosperity or earnings of a place: Further inflation would endanger the national economy seriously. 5. the disposition or regulation of the parts or functions of any organic whole; an organized system or methoddisposition

5. ENTREPRENURE 1. a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. 2. an employer of productive labor; contractor

6. EMPLOYEE noun a person working for another person or a business firm for pay.

7. PROFIT Often, profits. a. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit.gross profitnet profit b. the ratio of such pecuniary gain to the amount of capital invested. c. returns, proceeds, or revenue, as from property or investments.revenue 2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.surplus

8. RESOURCE a source of supply, support, or aid, especially one that can be readily drawn upon when needed. 2. resources, the collective wealth of a country or its means of producing wealth. 3. Usually, resources. money, or any property that can be converted into money; assets. 4. Often, resources. an available means afforded by the mind or one's personal capabilities: to have resource against loneliness. 5. an action or measure to which one may have recourse in an emergency; expedient.which

9. FREE ENTERPRISE SYSTEM Free enterprise is an economic system that provides individuals the opportunity to make their own economic decisions, free of government constraints, and as private profit-potential businesses.