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Basic Economic Vocab (ESL)
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What do we call the process of goods being bought and sold? Where prices are determined by the free market, with a minimum of external government control?
Market
What type of resource is in the picture?
Capital Resources
What type of resource is in the picture?
Human Resources
What type of resource is in the picture?
Natural Resource
What is a company called that buys or sells goods or services?
Business
What is the word for making or creating something?
Producing
What do we call a person who starts and operates their own business?
Entrepreneur
Being a doctor is do a ____________.
Service
At Walmart, you buy ____________.
Goods


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