Transportation Systems
Who has the most employees of any other business in the state?
Hartsfield-Jackson International Airport
What is an Entrepreneur?
A person who creates a business and takes financial risks.
What is the setting aside of income for future use?
Savings
Agriculture (followed by entertainment and manufacturing).
Which is a benefit of the 4 transportation systems of Georgia?
Creates jobs for the state
What is the goal of every entrepreneur?
Make a Profit
Which of the following is considered a monetary expense?
Student Loans
When should someone create a household budget?
As soon as they get their first job.
Which two forms of transportation are best for international trade?
Deepwater ports and the airport
What is the largest sector of Georgia's economy?
Service Industry
How do you make an income?
Working a job
Taylor gets a new job but needs a car to get there. Without enough savings, Taylor takes out a bank loan with a low interest rate to buy a reliable used car. Why did Taylor take out a loan from the bank?
The loan makes it possible to buy a car right away so they can get to work and earn money. The low interest rate also makes borrowing more affordable, so it costs less to pay the loan over time.
Where are the primary deepwater ports used for shipping cargo in Georgia located?
Savannah and Brunswick
Which Georgia ENTREPRENEUR is the founder of the Atlanta Life Insurance Company?
Alonzo Herndon
A teen named Alex runs a small online clothing brand where they design and sell custom hoodies. At first, Alex only makes items at home, but their designs become really popular at school and on social media. To keep up with the demand, Alex has to take out a bank loan to buy more supplies. Why was Alex willing to go into debt by taking out a bank loan?
Alex can make more profit for producing more clothing in less time. He plans to use the money from increased sales to repay the loan over time.
What is an amount of money loaned to a person that must be paid back along with additional interest?
Credit
80% of goods come through what form of transportation?
Ports
Which industry attracts people to Georgia due to its tax incentives, great year-round climate, and geographical locations?
Film Industry
What are the benefits of creating a household budget?
Encourages individuals to save so that long-term goals can be achieved AND provide cushion for financial emergencies.
What is the economic impact of water in Georgia?
Reservoirs were built to aid businesses dependent on hydroelectricity and have provided recreational facilities for Georgia.