Social Studies Chapter 6 Flashcards
0
Q
Income
A
Money you receive for work you do
1
Q
Economy
A
The making and consuming of goods and services
2
Q
Consumer
A
A person who buys goods and services
3
Q
Classifying
A
A way of arranging things in groups
4
Q
Interest
A
Payment for lending money
5
Q
Budget
A
A plan for using money
6
Q
Employee
A
A person who works for another person or for a business
7
Q
Producer
A
A person, company, or thing that makes or creates something
8
Q
Services
A
The things that some businesses provide for people
9
Q
Profit
A
The money left after all the costs have been paid
10
Q
Expenses
A
All the things a business spends money on to stay in business
11
Q
Goods
A
Things that people make or grow
