profit		money paidfor good/service
price		means by which goods and services are made available
competition		lack of goods and services
consumer		US system, some command, some free
incentives		uses goods and services
producer		making of goods and services
consumer preference		one who begins a business
goods		what is selected first
production		one who makes articles to be sld
opportunity cost		that which is given up
scarcity		vying for consumers to buy from them
choice		wares, commodities, merchandise
free market		type of economy the US is based on
distribution		making a selection
entrepreneur		that which motivates
command economy		govt makes the decisions
mixed economy		money made after all expenses paid