Chapter 4 Private Enterprise

Income spent by a business, also known as “the cost of doing business”

Businesses that extract natural resources from the earth for use in the creation of goods

An economic system of private or corporate ownership of goods; investments; and by prices, production, and distribution

General categories of businesses that have similar roles in the economy e.g. the Airlines

Not-for-profit organization founded for a religious, educational, social, or similar purpose

A term for a specific group of companies who have common business activities

A measure of economic output in terms of a worker’s output

Businesses that use raw materials to create goods

A business or industry that is managed by independent companies or private individuals rather than by the state

The path a good must follow in order to reach a consumer

A business owned fully or partly by the government

A category of businesses that provide services to the economy

The income earned by a business (hint: it's an Accounting term)