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S.E.A vocab words
Just vocab words nothing more
Term | Definition |
---|---|
subsidization | money granted by the government to assist a business or industry in lowering the cost of its product/service |
outsourcing | the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper |
dissident | a person who opposes the authority of an established government |
graft | financial gain through illegal means, typically through kickbacks and bribes |
privatize | to transfer a business, industry, or service for public (government) to private control |
rations | a fixed amount of a product or service allowed during times of shortage |
production quota | the required amount of a specific good that must be produced in a given time frame |
subsistence | producing only what is necessary for personal use/survival |
credit | a loan of money |
interest | percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself |
loan | a sum of money given for designated period of time which must be repaid |
budget | a plan for spending and saving one’s income |
expenses | financial obligations, such as bills |
lender | an individual, bank, or company who loans money |
liquid | money which one has on-hand that can be freely spent |