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Set 6 #4 Africa
| Term | Definition |
|---|---|
| Indigenous | Originating or occurring naturally in a particular place; native. |
| Alliance | A union of two or more groups, usually to achieve a common goal |
| Invest | to use money to earn more money |
| Economics | a science concerned with the process or system by which goods and services are produced, sold, and bought |
| Savings | the amount of money that you have saved especially in a bank over a period of time |
| savings | I put $5.00 in my piggy bank every week. |
| Rainbow Nation | A term coined by Archbishop Desmond Tutu to describe post-apartheid South Africa, after South Africa's first fully democratic election in 1994. |
| Springboks | The name of the South Africa national rugby team. |
| Afrikaners | A South African ethnic group who are descended from 17th century Dutch, German, and French settlers to South Africa. |
| Rugby | A football type game with no time-outs or substitutions and interference and forward passing are not permitted. |
| Income | Money that is earned from doing work or received from investments |
| Human Capital | The abilities and skills of any individual, especially those acquired through investment in education and training, that enhance potential income earning. |
| Entreprenuer | a person who sets up a business, taking on financial risk in the hope of making a profit |
| Capitalism | An economic system in which the production of goods and services are privately owned and operated for a profit. |
| Revenue | Income a business makes from the sale of goods and services |
| Capital Goods | Factories, machines, and technology that people use to make products to sell. |
| Tariff | A tax placed on imported goods. |
| Income | I earned $200 this week. This is my ..... |
| Entreprenuer | I am thinking about starting a new business. I will be an ... |
| invest(ing) | buying land or using your money to purchase stock in a company, in order to make future profit are examples of ... |
| Entreprenuer | I am opening a lemonade stand. I am an ..... |
| Alliance | The U.S. and South Africa have an ____________ and they work together on trade and immigration. |
| Tariff | The president is trying to increase the amount of U.S. goods sold to Americans by putting a .......on goods imported from China. |
| Save(ings) your money | In order to buy a car or house you may need to do this first: |
| Rugby | My friends and I want to play football but we don't have the shoulder pads or helmets. Maybe we should play... |
| Revenue | My shoe business just made $1,000,000 this year. My total ...... is very good. |
| Tariff | A long time ago the British tried to tax tea coming into America. They wanted to put a ....... on the tea. |
Created by:
fosterjodi
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