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DEFINITIONS

DEFINITIONS. BY MICHAELA BYARS. BUSINESS. A building or site where commercial work is carried on, as a factory, store, or office; place of work: His business is on the corner of Broadway and Elm Street. A n occupation, profession, or trade: His business is poultry farming.

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DEFINITIONS

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  1. DEFINITIONS BY MICHAELA BYARS

  2. BUSINESS • A building or site wherecommercialwork is carriedon,asafactory, store, or office; place of work: His businessison the cornerofBroadway and Elm Street. • An occupation,profession,ortrade:Hisbusinessispoultryfarming. • The purchaseandsaleofgoodsinanattempttomakeaprofit. • A person,partnership,orcorporationengagedincommerce, manufacturing,oraservice;profit-seekingenterpriseorconcern. • Volume oftrade;patronage:Mostof the store'sbusinesscomesfrom local families.

  3. CAPITAL • 1.thecityortownthatistheofficialseatofgovernmentinacountry,state,etc.:TokyoisthecapitalofJapan. • 2.acityregardedasbeingofspecialeminenceinsomefieldofactivity:NewYorkisthedancecapitaloftheworld. • 3.capital letter. • 4.thewealth,whether in moneyorproperty, owned or employedinbusinessbyanindividual,firm,corporation, etc. • 5. an accumulatedstockofsuchwealth.

  4. ECONOMY • 1. thriftymanagement;frugalityin the expenditure or consumptionof money, materials, etc. • 2. an actormeansof thrifty saving; asaving:Heachievedasmalleconomy by walkingtowork instead of taking a bus. • 3. the management of the resources of a community, country,etc.,especially with a view to its productivity. • 4. the prosperityorearnings of a place: Furtherinflationwouldendanger the nationaleconomyseriously. • 5. the dispositionorregulationofthepartsorfunctions of any organic whole; an organizedsystemormethod

  5. ENTREPRENURE • 1.apersonwhoorganizes and manages any enterprise, especially a business,usually with considerable initiative and risk. • 2. an employer of productivelabor;contractor

  6. EMPLOYEE • nounapersonworkingforanotherpersonorabusinessfirmforpay.

  7. PROFIT • Often,profits.a.pecuniarygainresulting from theemploymentofcapital in any transaction.Comparegross profit, net profit. • b.theratioof such pecuniary gain to the amount of capitalinvested. • c.returns,proceeds, or revenue, as from property orinvestments. • 2.themonetarysurplusleftto a produceroremployerafterdeductingwages,rent,costofrawmaterials,etc.:Thecompanyworksonasmallmarginofprofit.

  8. RESOURCE • a source of supply, support, or aid, especially one that can be readily drawn upon when needed. • 2.resources, the collective wealth of a country or its means of producing wealth. • 3.Usually, resources. money, or any property that can be converted into money; assets. • 4. Often, resources. an available means afforded by the mind or one's personal capabilities: to have resource against loneliness. • 5. an actionormeasure to which one may have recourse in an emergency;expedient.

  9. FREE ENTERPRISE SYSTEM • Free enterprise is an economic • system that provides individuals • the opportunity to make their • own economic decisions, free • of government constraints, and • as private profit-potential • businesses .

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