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unit 10 vocabulary
vocabulary
Term | Definition |
---|---|
16th amendment | congress may collect income taxes. |
bank | privately owned business that takes deposits and makes loans in order to make a profit. |
consummer | buyer of goods and services for personal use. |
corporation | a group that legally acts as a single business entity by selling shares of ownership called stock. |
credit union | non-profit origination owned by members. |
deposit | money placed into a private financial institution for safekeeping. |
entrepreneur | a person who takes a risk in search of a profit by starting a new business. |
financial capital | money, credit and other forms of funding that build wealth for businesses and individuals. |
global economy |