Personal Finance
income+assets+capital
What is wealth?
An agreement to receive goods or services now, and pay later.
What is credit?
Money collected by the government to fund public services.
What are taxes?
A place where buyers and sellers can exchange goods and services.
What is a market?
Money that you get on a regular basis
What is income?
Stocks, real estate, and cars are all examples of these
What are assets?
A financial gain from producing or selling something.
What is profit?
The most common way of measuring how strong a country's economy is.
What is the Gross Domestic Product?
That rate at which goods and services are created.
What is productivity?
President Trump instituted many of these shortly after he took office in 2025.
What is a tariff?
When you have the resources to start business or make a big purchase
What is financial capital?
A tax imposed by the government on foreign goods.
What is a tariff?
When prices rise and the value of currency can't keep up.
What is inflation?
How much of a product or service is desired by buyers.
What is demand?
When the demand for an item is greater than the existing supply.
What is scarcity?
This term is used to describe a type of debt-based payment style
What is "buy now, pay later?"
An idea that expresses the interdependence of many economies.
What is globalization?
A fraction of a company that can be bought and sold on a public market.
What is a stock?
The fact that you're watching content made in Japan, wearing a shirt made in Bangladesh, and eating Thai food for lunch shows this concept in action.
What is globalization?
A number monitored by the federal government that one of several indicators of the economy's health.
What is the unemployment rate?