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Social Studies Thing
Definition | Term |
---|---|
a sum of money given for designated period of time which must be repaid | loan |
a plan for spending and saving one’s income | budget |
financial obligations, such as bills | expenses |
an individual, bank, or company who loans money | lender |
money which one has on-hand that can be freely spent | liquid |
money granted by the government to assist a business or industry in lowering the cost of its product/service | subsidization |
the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper | outsourcing |
a person who opposes the authority of an established government | dissident |
financial gain through illegal means, typically through kickbacks and bribes | graft |
to transfer a business, industry, or service for public (government) to private control | privatize |
a fixed amount of a product or service allowed during times of shortage | rations |
the required amount of a specific good that must be produced in a given timeframe | production quota |
producing only what is necessary for personal use/survival | subsistence |
a loan of money | credit |
percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself | interest |
the number of years a person can expect to live | life expectancy |
the basic framework of a building or a system | infrastructure |
restrictions intended to enforce international law; an official action taken against a government to force it to behave in a particular way or as punishment for not doing so | sanctions |
the process by which businesses or other organizations develop international influence or start operating on an international scale. | globalization |
an act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result. | investment |