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All terms in this list:

Assembly Line: a line of workers along which a product moves as it is put together, one step at a time

Bartering: the trading of one kind of good for another without using money

Budget: a plan for spending and saving money

Captial Resource: the money, tools, buildings, and machines needed to run a business

Competition: in business, the contest among companies to get the most customers or sell the most products

Economy: the way people in a state, region, or a country use resources to meet their needs

Export: goods shipped from one country to another to be sold

Free enterprise: a kind of economy where people own and run their own business

Import: a good brought into one country from another to be sold

Interdependence: depending on one another for resources and products

Mass Production: a way of manufacturing in which many goods that are alike can be made quickly and cheaply

Raw Material: a resource in its natural state that can be used to manufacture a product

Self-sufficient: being able to do almost anything for yourself

Service: an activity that someone does for others for pay

Supply: a good or service that business offers for sale

Tax: money that a government collects from its citizens to pay for services

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Definitions from Wiktionary under the GNU FDL.
Sentences copyrighted by their respective publishers.
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