Vocabulary #1
Economic Terms #1
Vocabulary #2
Investment Terms
Economic Terms #2
100
The amount of salary before deductions.
What is gross.
100
It is a system of production, consumption, and distribution.
What is economy.
100
Money paid to government for public purposes.
What is tax.
100
Characterized by increased variety.
What is diversification.
100
The market's desire for a specific product.
What is demand.
200
Lawn Boy makes too much money with his lawn business. He ends up with many problems along the way.
What is the plot.
200
A document acknowledging a completed purchase.
What is a receipt.
200
The amount of money received after deductions.
What is net.
200
An official, often written, binding agreement.
What is a contract.
200
Percentage of a sale paid to a seller.
What is commission.
300
Material from Earth that occurs naturally.
What is natural resource.
300
Payments for work done or as profits.
What is earnings.
300
Experts in a certain field of knowledge.
What is authorities.
300
Economic system creating independent wealth.
What is capitalism.
300
An estimate of expected income and expense.
What is budget.
400
Performance of a task or function of a device.
What is operation.
400
A market where buyers and sellers carry out transactions based on their own mutual agreement.
What is free-market.
400
The quantity of goods available for sale.
What is supply.
400
To stake or risk something on future gain.
What is invest.
400
The amount of money you make and the amount of money you spend.
What is cash-flow.
500
A business that handles your checking and savings account.
What is a bank or credit union.
500
The running record of your checks and deposits.
What is a check register.
500
The document you receive when you get paid.
What is a paycheck.
500
The goods and services you purchase for survival.
What are needs.
500
The goods and needs you purchase for pleasure.
What are wants.
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