Entrepreneurship Vocabluary

Entrepreneurship Vocabluary

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  • Business Plan
  • Capital
  • Demand
  • A business plan is a written description of yourbusiness's future, a document that tells what you planto do and how you plan to do it.
  • In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. In classical economics, capital is one of the four factors of production. The others are land, labor and organization.
  • Demand is an economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.
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