Business - Activity that involves producing goods or providing services for money, Natural Resource - Resources found in the environment, Resource - Something that could be used, Economics - The study of how people produce, consume and share wealth, Capital Resources - Are produced and used to make other resources, Trade Off - Losing one option in favour of another, Human Resources - People that make up the workforce, Opportunity Costs - The cost of the next best alternative use of resources, Scarcity - Not enough of something to satisfy everyone's needs and wants, Goods - An item that is purchased to be used by a consumer , Service - An activity that fills a public need, Example of a not-for-profit business - RSPCA, Example of a Private business - Myer, Example of a Public business - Manning Primary School, Example of an entrepreneur - Elon Musk,

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