topic 1: Business and Management

A system for producing and provisioning or distributing goods and services among a group of people

A section of an economy that extracts materials (minerals, oil, etc.) or harvests products from the Earth.

The area of economic activity that produces finished goods through manufacturing.

The area of economic activity that provides services.

The area of economic activity involved with knowledge and the movement of information.

The steps involved in creating finished goods.

A company that is privately owned and often has family or friends as the shareholders; the shares are not sold to the wider public and are not traded on a stock exchange.

A company that is publicly owned and and has many shareholders who can buy and sell their shares through a stock exchange.

A portion of a business’s profits distributed to the owners/shareholders.