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Ryan'sVocabWords#1
VocabWords
Question | Answer |
---|---|
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 |
Exspenses | 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 |
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 timeframe |
Subsistence | producing only what is necessary for personal use/survival |
Credit | a loan of money |
Intrest | percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself |
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 |