Business Vocabulary

Give an example/description of a business that operates in each of these areas: 

Profit: 

-  A difference between amount spent and the amount earned, a financial gain. Ex: Bank

Non-Profit: 

-  Does not stock shares or funds but to give the money away to charity. Ex: Craft show

Not for Profit: 

- A corporation that has a purpose and use the profit on that purposes. Ex: Church, Red Cross

What's the difference between non-profit and not-for-profit?

- Non-profit gives the money to charity, awhile not-for-profit create benefit for the community.

What is the connection between profit, costs, and expenses? 
-  Costs is the price you buy at. Profit is how much money you gained and expense is how much money you spent for it.

What  are the positive and negative ethical, moral and legal considerations when considering alternative energy sources over oil? 

- The positive thing is that there wouldn't be air pollution nor would it burn the ozone layers and isn't bad for humans and animals. However, other energy sources would probably have more flaws than oil.

Name and describe a game that simulates an economic system by trading in virtual goods? 

- Restaurant City, because you have to make sure you have your food stocked and ready for the customers, and the more variety you have, the more customers will come.