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17 terms
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17 cards
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Questions
17
Answers
1
The condition that exist when wants exceed resources available to satisfy wants
Demand
Society
Economics
Scarcity
2
The amount at which a good or service will be sold at in a market ?
Market
Services
Goods
Price
3
What step in the Entrepreneurial Process is Utilizing Resources?
Resourcing
Harvesting
Actualization
Discovery
4
What step in the Entrepreneurial Process is Grand Opening
Opening Store
Actualization
Business
Harvesting
5
The process of starting and running a businiess
Entrepreneurship
Self Employed
Worker
Employee
6
What step in the Entrepreneurial Process is Looking for Employees ?
Harvesting
Actualization
Resourcing
Discovery
7
Having a very limited amount of something available
Shortage
Not enough
Limited
Scarcity
8
One who uses goods or services
Human
Consumer
Buyer
Person
9
What step in the Entrepreneurial Process is Apply for Loans ?
Utility
Resourcing
Harvesting
Discovery
10
What step of the Entrepreneurial process is Generating Ideas ?
Grand Opening
Harvesting
Discovery
Resourcing
11
What step in the Entrepreneurial Process is Recognizing Opportunities ?
Harvesting
Discovery
Goods
Concept Development
12
How much of a good or service a producer is willing and able to produce at a given price
Cost
Demand
Supply
Price
13
An individual's need or desire for a good or service at a given price
Demand
Good
Service
Supply
14
Gifts of Nature that are present without human intervention
Natural Resoures
Mother Nature
Nature
Earth
15
Things that are necessities of life
Wants
Needs
Capital
Human Capital
16
A combination of a command and market economy
Economics
Capital Economy
Supply Economy
Mixed Economy
17
The knowledge, efforts, and skills people bring to their work, also known as labor
Work
Intelligence
Human Resources
Ability
