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21 Cards in this Set

  • Front
  • Back
Free trade
Trade without protective tariffs or quoatas
Profit
Fianancial gain (what you have left over after paying taxes)
Revenue
A sournce of income(Return from investment)
Enterprenuar
A person that starts their own buissness
Goods
Any item that can be bought, sold, or traded.
Services
Actions in exchange for money
Sales Tax
Taxes on goods and services
Federal grants
Free money given for a specific cause (scholarships)
Personal income tax
Taxes for salaries they recieve
Property tax
Taxes on property or your home
Oppurtunity costs
The value of what you give up in order to get what you want
Wants
Something you want, but don't neccesarily need
Needs
A neccesity
Income
Money recieved over a period of time
Credit
The ability to buy something now and pay for it later
Saving
The act of not spending money in order to have more
Investing
Putting money in stocks
Coca-cola
1.Tonic made by Doc Pemberton
2.Sold 3 times
3.Candlers and Woodrows
Delta Airlines
1.Airline company started in ATL
2.Named after Mississippi Delta Region
Started in Dalton
3. Huff Daylin Dusters
Georgia-Pacific
Lumber company
Home Depot
Arthur Blanks and Burney Markus