Financial and Economic Literacy
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Created by:
darianholdiness11 on November 3, 2011
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14 terms
Terms | Definitions |
|---|---|
 Budget | a sum of money allocated for a particular purpose |
| Consumer | a person who uses goods or services |
| Credit | give credit for |
| Finance | the commercial activity of providing funds and capital |
| 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 |
| Interest | a diversion that occupies one's time and thoughts (usually pleasantly) |
| Investor | someone who commits capital in order to gain financial returns |
| Literate | a person who can read and write |
| Producer | something that produces |
| Profit | the advantageous quality of being beneficial |
| Opportunity Costs | the most desirable alternative given up as the result of a decision |
| Principle | a rule or standard especially of good behavior |
| Economy | system by which goods and services are produced and distributed to meet people's needs |
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