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14 terms

Financial and economic literacy

STUDY
PLAY
Budget
a summary of intended expenditures along with proposals for how to meet them
Interest
a fixed charge for borrowing money
Consumer
a person who uses goods or services
Credit
an accounting entry acknowledging income or capital items
Economy
an act of economizing
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
Literate
a person who can read and write
Producer
someone who manufactures something
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
Investor
someone who commits capital in order to gain financial returns