The Money Garden
Anything accepted as payment
What is money?
The money paid for the use of someone else's money.
What is interest?
Developed abilities a person does well.
What are skills?
Money given to a bank or credit union for safekeeping.
What is a deposit?
An exchange of goods or services for other goods or services without using money.
What is a barter?
receiving income for labor or services.
What is earning?
A company that makes a product or performs a service.
What is a business?
Money spent for something, such as supplies or ingredients.
What is an expense?
When a business pays more in expenses than it earns in sales.
What is a loss?
Goods or services bought from another country.
What is an import?
money received as payment for work, goods, services, rent, or interest.
What is income?
Items that are bought and sold.
What is a product/good?
A way of persuading people to want your goods or services.
What is advertising?
Income earned after all expenses are paid.
What is profit?
Goods or services sold to another country.
What is an export?
To take money out of a bank account.
What is a withdrawal?
Work done for others.
What is a service?
Expenses a business must pay before it can run.
What are start-up costs?
Money borrowed to start or run/expand a business.
What is a business loan?
The act of buying, selling, or exchanging goods and services.
What is trade?
A business that provides money-related services.
What is a financial institution?
A person who starts a business.
What is an entrepreneur?
A list of goals a business owner wants to achieve and the steps needed to reach those goals.
What is a business plan?
The process of choosing between different courses of action.
What is decision making?
The next best option a person gives up when making a choice.
What is Opportunity Cost?