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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 |