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21 Cards in this Set

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