Financial and Economic Literacy
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Created by:
sarabeththomas2011 on November 3, 2011
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14 terms
Terms | Definitions |
|---|---|
 Budget | An estimate, often itemized, of expected income and expensefor a given period in the future |
| Consumer | A person who purchases goods and services for personal use |
| Credit | Time allowed for payment for goods or services obtained on trust |
| Economy | The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services |
| Finance | Provide funding for a person or enterprise |
| Interest | A sum paid or charged for the use of money or for borrowing money |
| Investor | : Someone who commits capital in order to gain financial returns |
| Incentives | advantages that help businesses, such as lower taxes, cheaper land, and employee training programs. |
| Income | the financial gain (earned or unearned) accruing over a given period of time |
| Literate | Having knowledge or skill in a specified field |
| Producer | A person, company, or country that makes, grows, or supplies goods or commodities for sale |
| Profit | A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something |
| Opportunity Costs | What a person loses by choosing one opportunity instead of another. |
| Principle | an explanation of the fundamental reasons (especially an explanation of the working of some device in terms of laws of nature) |
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