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By: Tiffany. Business * The term Business is an occupation, profession, or trade. * You can purchase and sell goods to make an attempt to make a profit.

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Presentation on theme: "By: Tiffany. Business * The term Business is an occupation, profession, or trade. * You can purchase and sell goods to make an attempt to make a profit."— Presentation transcript:

1 By: Tiffany

2 Business * The term Business is an occupation, profession, or trade. * You can purchase and sell goods to make an attempt to make a profit. * A person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.corporation commerce * A building or site where commercial work is carried on, as a factory, store, or office; place of work.

3 Capital  The term Capital means the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc.corporation  Also it means an accumulated stock of such wealth.

4 Economy $ The term Economy means thrifty management; frugality in the expenditure or consumption of money, materials, etc. $ An act or means of thrifty saving; a saving. $ The management of the resources of a community, country, etc., especially with a view to its productivity.community $ The prosperity or earnings of a place.

5 Entrepreneur  The term Entrepreneur means a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.  An employer of productive labor; contractor.

6 Employee  The term Employee means a person working for another person or a business firm for pay.

7 Profit The term Profit means pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit.gross profitnet profit The ratio of such pecuniary gain to the amount of capital invested. Returns, proceeds, or revenue, as from property or investments.revenue The monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.surplus

8 Resource The term Resource means a source of supply, support, or aid, especially one that can be readily drawn upon when needed. Resources, the collective wealth of a country or its means of producing wealth.

9 Free Enterprise System The term Free Enterprise System means 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.

10 Reference My sources are from Dictionary.com and Google.com.


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