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Economics

words to know Economics

TermDefinition
deposit to put money in a bank
direct deposit money sent directly into a person's bank account without the use of checks or cash
discount an amount taken off a regular price
consumer a person who buys goods and services
free not costing any money
wage an amount of money that a worker is paid (based on the number of hours that are worked)
income money coming in (earnings or investments)
budget a plan used to decide the amount of money that can be spent
cost the price of something (the amount of money that is needed to pay for something)
bank an establishment (place) deposit money. or get a loan
job the work that a person does regularly in order to earn money
savings an amount of money that is NOT spent or used
tax an amount of money that is required to pay
loan a legal arrangement when you borrow money and you are required to pay it back
Created by: davislife
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