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B202 Key Terms

Economic Resources

alternative resource a resource that can be used in place of another
automation a method of operating or controlling a process in which tasks are completed by automatic means such as technology
baby boomers a term used to refer to individuals who were born between the years 1946 and 1964
capital goods manufactured or constructed items that are used to produce goods and services
conserve to slow down the use of something to make its supply last
consumer goods and services products produced for personal consumption
demographics information used to describe a population
economic resources the human and natural resources and capital goods used to produce goods and services also known as factors of production
employee assistance program a project organized and sponsored by a company to help its employees
entrepreneur people who assume the risk of starting
entrepreneurship starting and building a business
factors of production productive resources human and natural resources and capital goods
financial capital money needed to operate a business
flextime a scheduling procedure in which employees select their own working hours as long as they work the required number of hours
fossil fuels
generation X
generation Y
human resources
just in time inv
Created by: gmier.w765
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