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WHS Finance Unit 4
Personal Finance
Term | Definition |
---|---|
Community | A group of people working together for a common good |
Family | Related or unrelated individuals sharing various resources (especially time and money) who also show concern about each other’s well‐being |
In‐kind income | The provision of a product or service in lieu of money |
Non‐profit organization | An organization that exists to benefit others through human service, conservation, religious, or other charitable purposes |
Social capital | The access a person has to social relationships that can provide resources |
Government | The system of governance that provides structure, protection, and services to people residing in a nation, state, county, or municipality (city/town) |
Non‐profit organization | Organizations that exist for human service, conservation, religious, or other charitable purposes to benefit others |
Taxpayer | People who pay taxes to federal, state, county or municipal (city/town) governments |