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AQUILA - ECON 2
Aquila Econ List 2
Question | Answer |
---|---|
Wages | The money a business pays its workers. |
Cost | The money businesses pay to produce goods or services. |
Profit | The money the business makes after selling a good or service |
Price | The money that the consumer pays for a good or services. |
Taxes | Money that people have to pay to the government. |
Savings | The part of a person's money that is not spent for goods and services, or used to pay taxes (the money that is not used). |
Partnership | A business owned by two or more people. |