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Unit 9
Financial and Economic Literacy
| Term | Definition |
|---|---|
| Budget | an estimate of income and expenditure for a set period of time |
| Consumer | a person who purchases goods and services for personal use |
| Credit | the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. |
| Economy | the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services. |
| Finance | the management of large amounts of money, especially by governments or large companies. |
| Interest | money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. |
| Investor | a person who allocates capital with the expectation of a financial return |
| Literate | the ability to read and write |
| Producer | a person, company, or country that makes, grows, or supplies goods or commodities for sale. |
| Profit | a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. |
Created by:
Gallagher
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