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Junior Achievement Vocab Flashcards | StudBud
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Junior Achievement Vocab
Junior Achievement Vocab
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1
A system in which goods and services are bought and sold freely with little government interference
Rivalry
Profit
Free Market Economy
Competition
2
Work done for others, such as haircuts or car repairs
consumer
services
entrepreneur
technology
3
A person or business that makes goods or provides a service
producer
entrepreneur
communication
consumer
4
a person who buys goods and services
producer
trade
specialization
consumer
5
Items that can be bought or sold
competition
services
profit
goods
6
The amount of money left over after all business expenses have been paid.
Profit
Innovation
Entrepreneurship
Resources
7
Written or spoken exchanges between people who share information
profit
communication
consumer
resources
8
Personal attributes and abilities that are needed in most jobs
Capital resources
Entrepreneurship
natural resources
soft skills
9
Things that a business needs that occur naturally, such as air, water, minerals, and trees
Capital Resources
Human Resources
Innovation
Natural Resources
10
The process of buying and selling
goods
trade
services
specialization
11
The ability to do something well
career
Interests
technology
skill
12
A grouping of jobs and industries
r
elated by skills or products
career cluster
soft skills
natural resources
job interview
13
The innovative thinking needed to start and operate a business
Entrepreneur
natural resources
innovation
Entrepreneurship
14
Things businesses use to produce goods and services
Resources
Soft Skills
Services
Goods
15
A person who takes a risk to start a business with the intent of earning a profit
Job Interview
Entrepreneur
Services
Entrepreneurship
16
The discussion between a potential employee and employer to help decide if a job is a good match.
job interview
career cluster
innovation
resources
17
People who do the work a business needs
Natural Resources
Human Resources
Capital Resources
Job Interview
18
People who work for businesses
skills
career
employers
employees
19
Choosing to focus production on one or a few products
innovation
specialization
trade
resources
20
Buildings, tools, machines, and money that businesses use to make products
Natural Resources
Human Resources
Opportunity Cost
Capital Resources
21
Businesses that hire workers
goods
employees
job interview
employers
22
The use of machinery, equipment, and processes
employee
innovation
interest
technology
23
Jobs projected to add large numbers of employees to the workforce
employee
career clusters
high growth, high demand jobs
employer
24
An improvement of an existing product or method
Entrepreneurship
Innovation
Services
Resources
25
Rivalry between two or more businesses striving for the same customer
innovation
trade
competition
free market economy
26
The next best alternative given up when making a choice
Capital Resources
Career Cluster
Opportunity Cost
Human Resources
27
The things you like and enjoy
skills
interests
employees
innovations
28
A written summary of a person’s education, work experience, and skills
resources
resume
interview
services
