Vocab Unit 10 (final Unit) Flashcards
What does aspiration mean
A goal or help with doing something
What does associates degree mean
Two year degree usually from community college
What does bachelors degree mean
4 year degree from University
What does career mean
Job done for the majority of one’s life
What does correlation mean
Relationships or connection between two things
What does Financial responsibility mean
Having a balance budget
What does salary mean
How much money made in a year
What does self-assessment mean
Valuation of yourself
What does vocational training me
Job specific training apprenticeships
What does were ethic mean
How hard and how reliable someone works
What does anti-trust mean
Long against monopolies or price fixing
What does business cycle mean
Ups and downs of the economy
What does consumer rights mean
The government passes laws that protect the rights of Does that use goods and services
What does contract mean
Legal agreement between buyers and sellers
What does currency mean
Coins and paper bills use as money an economy
What does Discount rate mean
Interest-free by the Federal Reserve
What is the federal reserve
Central bank of the USA
What is income tax
Attacks on all money in business or individual urns in a year
What does inflation mean
When price goes up
What does interest rates mean
Rate at which interest is set on a loan
What is money supply
Total of money being used
What is monopoly
Single business that controls An entire market
What does private property mean
Individuals have the right to ownership without government
What does public goods and services mean
Government provides some goods and services that individuals Could not
