Small portion of money paid for an item to secure the items ownership
What is a Down Payment?
100
Total money earned by an individual or business.
What is Income?
100
The same cycle of poverty happening over and over again with the same results.
What is the Poverty Cycle?
200
To accept money from a person or bank with an agreement to pay the money back.
What is Borrow?
200
A person who gets an idea to start up a business
What is an Entrepreneur?
200
Money paid above what was initially paid.
What is Interest?
200
Money earned after all expenses have been paid.
What is Profit?
300
Another term for money used for starting or operating a business.
What is Capital?
300
Money need to pay for the cost of living or running a business.
What are Expenses?
300
A loan for a house; borrowed money from a bank for a home.
What is a Mortgage?
300
An economic system where the wealth of the group is more important than the wealth of the individual.
What is Socialism?
400
An economy system where one is free to become as wealthy as they can.
What is Capitalism?
400
Material things bought by consumers (Apples, radios, pencils, etc.)
What are goods?
400
The essentials of life necessary to sustain life
What are Needs?
400
An unfair generalization about a group of people or place.
What is Stereotyping?
500
How material possessions and money is organized throughout society. May be described in terms of rich, middle-class, poor, geographic locations, social
economic status, etc.
What is Distribution of Wealth?
500
A volunteer organization that helps families around the problem of needing a lot of capital to buy a house.
What is Habitat for Humanity?
500
Level of living occurring when one’s income is unable to bay for the basic needs of life.
What is Poverty?
500
The desires of life; not necessary to sustain life