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Money Vocabulary
| Question | Answer |
|---|---|
| income | money people earn for working |
| budget | plan for spending and saving |
| wage | money a worker is paid |
| marketing | advertising |
| innovation | new idea |
| supply | what the business offers |
| consumer | buyer |
| producer | makes and sells |
| specialize | sell one kind of product |
| profit | money left over after bills |
| overhead | money it takes to run a business |
| capital | money to start a business |
| human resource | people needed to make and sell |
| raw materials | natural resources needed to make something |
| patent | government paper for inventor |
| technology | use of new inventions in life |
| savings | money people do NOT spend |
| copyright | protection given to authors or creators of "original works authorship" (books, plays, musicals, songs, artwork) |