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21 Cards in this Set
- Front
- Back
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wants
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something you wish you could have.
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needs
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necessary wants
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goods
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physically weighed or measured
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services
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tasks that people or machines preform
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resources
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anything people can use to amke or obtain what they want or need
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buisness
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is any activity that seeks profit by providing goods or services to others
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profit
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money left over after buisness is paid for
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competition
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contest between companys to get consumers atraction
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consumer
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person to buy the product
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Income
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actual amt of money you earn or receive over a given time period
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Savings
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saving money to get a long-range goal
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Withholding
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subtracting taxes and social security from your paycheck
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Variable expenses
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expenses that change
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Net pay
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earnings after deductions
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Fixed expenses
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expenses that don’t change
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Budget variance
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difference between how much you planned to spend and how much you actually spent
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Gross pay
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earnings before deductions
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Budget
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a road map for using your money
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Expenditures
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items you spend money on such as food,rent, and clothing
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Collection agent
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person who collects what you owe
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Collateral
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something equal to the amt you barrow
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