Economics
Someone who buys goods and services
What is a consumer?
This is the social science that studies the production, distribution, and consumption of goods and services
What is Economics?
the interest you earn on interest
what is compound interest
the largest individual shareholder of Tesla
Elon musk
an employer-sponsored retirement savings plan that offers significant tax benefits while helping you plan for the future
what is a 401(k) plan
Things that people would like to have but can live without
What is wants?
This is an organisation engaged in the trade of goods and services to consumers
What is a Business
something that is borrowed that is expected to be paid back
what is a loan
to expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture
what is investing
A fixed income guarantee issued in small dollar donations with a face value of less than $1,000.
what are baby bonds
Change in cost of items over a period of time
What is Inflation?
When an item leaves a country it is called this
What is export
main source of government funding
what is taxes
an account a company plans to keep for at least a year such as stocks, bonds, real estate, and cash
what is a long term investments
What were the two most important crops during the 1900's
what is sugar and cotton
The effort people contribute to the production of goods and services
What is labor
Goods and services purchased from the overseas sector
What is imports
what are the four different types of economic systems?
traditional, command, mixed, and market
consist of all the shares by which ownership of a corporation or company is divided.
what is a stock
The city we are located in
Wilberforce
Things that people must have to survive
What are needs
Actions done for others in exchange for payment
What is services
an interest charge that borrowers pay lenders for a loan
what is simple interest
financial investments that can easily be converted to cash, typically within five years
what is short term investments
What are the 9 planets in our solar system?
what is Earth, Mars, Jupiter, Saturn, Uranus, Mercury, Venus, Neptune