Junior Achievement - Grade 5

The ability to do something well

The process of buying and selling

A person who takes a risk to start a business with the intent of earning a profit

A grouping of jobs and industries related by skills or products

The use of machinery, equipment, and processes

People who do the work a business needs

The amount of money left after all business expenses have been paid

An improvement of an existing product or method

Rivalry between two or more businesses striving for the same customer

The innovative thinking needed to start and operate a business

The things you like and enjoy

A person who buys good or services

Items that can be bought or sold

Jobs projected to add large numbers of employees to the workforce

A person or business that makes goods or provides services

The next best alternative given up when making a choice

A system where goods & services are bought & sold freely

Buildings, tools, machines, and money that businesses use to make products

Things businesses use to produce goods and services

Work done for others, like haircuts or car repairs

Things a business needs that occur naturally, such as air, water, minerals, and trees