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Social Studies Thing

DefinitionTerm
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
Created by: fordgrable
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