Free enterprise system, An economic system where people can start businesses, make their own choices, and compete with others., Entrepreneur, A person who starts and runs a business, taking risks to make a profit., Budget, A plan for how to use money by tracking income and expenses.A plan for how to use money by tracking income and expenses., Income, Money a person receives from work or other sources., Earning, The process of getting money by working or providing services., Expense, Money that is spent to buy goods or services., Spending, The act of using money to pay for goods or services., Saving, Keeping money to use in the future instead of spending it now., Donating, Giving money or goods to help others without expecting anything in return., Market, A place or system where people buy and sell goods and services., Profit, The money left after all expenses are subtracted from income., Scarcity, A condition where there are limited resources and not enough to meet all wants and needs.
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