Financial Literacy Vocabulary Brice Holmes

Business The buying and selling of goods in order to make a profit.

Capital Money or property owned or used in business.

Economy The production, distribution, and consumption of goods and services; the movement of money.

Entrepreneur Person who organizes and runs a business, assuming the risk for the sake of potential return.

Employee Person hired to provide services to a company in exchange for compensation.

Profit The gain from an investment or business after subtracting from all expenses.

Resource Supply or source from which benefit is produced.

Free Enterprise System Economic system where few restrictions are placed on a business activity and ownership.