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Unit 3 Vocab
This is for my economics class.
Term | Definition |
---|---|
Wage | Money you get paid by the hour for working. |
Soft skills | Personal skills like teamwork and communication. |
Net play | Your paycheck amount after deductions. |
Return on investments | How much you gain or lose from an investment. |
Work study program | Part-time jobs for students who need financial aid. |
Salary job | Fixed pay, not based on hours worked. |
Benefits | Extras from your job, like health insurance. |
FAFSA | Form to get student financial aid. |
subsidized loan | Loan where the government pays some interest. |
Economic stability | When the economy grows steadily without big ups and downs. |
Career incentives | Rewards at work for doing well. |
529 Account | Savings plan for school costs. |
Unsubsidized loan | Loan where you pay all the interest. |
Economic mobility | Chance to move up or down in economic status. |
Gig economy | Short jobs or tasks instead of regular jobs. |
Disposable income | Money left after paying all bills. |
Grant | Free money for a specific purpose. |
Debt ratio | How much debt a company has compared to its assets. |