5.02 Flashcards
(8 cards)
1
Q
Communities
A
A group of people who live in the same area, have a common background, or share similar interests.
2
Q
Innovator
A
A person who has new ideas for methods or products
3
Q
Endorse
A
To publicly approve
4
Q
Profit
A
What remains after you subtract your total costs from your income
5
Q
Incentives
A
Something that encourages a person to make a choice or take action
6
Q
Competition
A
Actions of two or more rivals to sell or buy goods or services
7
Q
Market Economy
A
An economic system that relies upon supply and demand to distribute resources and determine prices
8
Q
Media
A
The various means of mass communication as a whole group, such as television, radio, newspapers, magazines, and the internet
