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Using examples from the chapter,discuss the directions taken by artists in the 1970s and 1980s.
Goods and Services
The output produced by a society, including tangible products (goods) and intangible items (services) that fulfill human wants or needs.
Capital
Economic resource that is used to produce goods and services, including buildings, machinery, and equipment.
Financial Assets
Resources having economic value that are held by an individual or corporation, primarily including stocks, bonds, and cash equivalents.
Entrepreneur
A profit-seeking decision maker who starts with an idea, organizes an enterprise to bring that idea to life, and assumes the risk of the operation
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