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14 Cards in this Set
- Front
- Back
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The things that people make or grow.
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goods
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People or businesses that provide something people need or want.
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services
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All the things a business spends money on to stay in business.
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expenses
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The amount of money left over after all the costs of running a business are paid.
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profit
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A person who works for a person or a business.
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employee
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A person, company, or thing that makes or creates something.
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producer
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A person who buys goods and services.
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consumer
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The way a country produces and uses its money, goods, natural resources and services.
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economy
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A way of arranging things in a group.
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classifying
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A plan for using your money.
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budget
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The money you receive for work you do.
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income
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What you give up getting, in order to get something else.
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opportunity cost
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Money that the bank pays you when you put money in an account, or money you would pay the bank if you took a loan.
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interest
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A place of business where people save, borrow, and exchange money.
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bank
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