financial literacy Flashcards
the money that a person a region, a country,etc.earns from work,investing money,from business,etc
income
the lowest that an employer is allowed to pay by law
minimum wage
money that employers receive for doing there job
salary
the money that is available to a person or an organisation and a plan of how it will be spent over a period of time
budget
the ability to use knowledge and skills to manage ones financial resources effectively for life time of financial well-being
financial literacy
the series of jobs that a person has in particular area of work
career
a place where students can study for a basic degree after they have finished high school
college
an institution at the highest level of education where you can study for a basic or advance degree
university
a school that teaches skills that are necessary for particular jobs
vocational school
to buy property,shares in a company,etc
invest
work for which you receive a regular payment
job
the state of not having a job
unemployment
a continual increase in the price of goods and services
inflation
the extent to which income is distributed an uneven manner among a population
income inequality
to be in a condition or situation in which you must have something
needs
to desire or wish for something
wants
whatever you have to give up when a choice is made
opportunity cost
an amount of money that a government requires people to pay according to their income the value of there property etc and that is used to pay for the things done by the government
taxes
an amount of the money you are paid for a job that is large enough to provide u with the basic things
living wage
to send away some companies work to be done by people outside the company
outsourching
having a job but the job doesn’t pay enough to live on
underemployment
making enough money to live on your own and not be dependent
financial independent
making enough money to live comfortably and safety
financial security
if u make less than this amount per year you receive federal financial assistance
poverty line
robots taking over humans jobs
automation
the economic value of humans skills knowledge education health loyalty motivation and other human elements
human capital
