Glossary Terms:

The Economics of Professional Sports: If You Build It, Will They Come?

Glossary terms from:
http://www.econedlink.org/e141


Economics

The study of how people, firms and societies choose to allocate scarce resources with alternative uses.

Interest

Money paid regularly, at a particular rate, for the use of borrowed money.

Revenue

The money a business receives from customers who buy its goods and services. Not to be confused with profit.

Services

Activities performed by people, firms or government agencies to satisfy economic wants.