Saturday, March 19, 2011

CRCT Terms 1-11

1. Mestizo – a person of mixed Native American and European heritage
2. Mulatto – a person of mixed African and European heritage
3. income – the amount of money earned or received during a certain time period
4. entrepreneur – a person who starts a business, risking his or her money to earn a profit
5. profit – the amount of money earned from selling something, after the expenses have been subtracted
6. investment – money that is used in order to make a profit
7. credit – the ability to borrow money and receive a loan
8. interest – extra money that is charged for borrowing money and receiving a loan
9. capital – money that is used to make an investment or start a business
10. capital goods – “things” that are used to help a business (ex. computers, desks, phones, etc.)
11. human capital – people that are used to help a business (workers)

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