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Unit 3 Vocab
This is for my economics class.
| Term | Definition |
|---|---|
| Wage | Money you get paid by the hour for working. |
| Soft skills | Personal skills like teamwork and communication. |
| Net play | Your paycheck amount after deductions. |
| Return on investments | How much you gain or lose from an investment. |
| Work study program | Part-time jobs for students who need financial aid. |
| Salary job | Fixed pay, not based on hours worked. |
| Benefits | Extras from your job, like health insurance. |
| FAFSA | Form to get student financial aid. |
| subsidized loan | Loan where the government pays some interest. |
| Economic stability | When the economy grows steadily without big ups and downs. |
| Career incentives | Rewards at work for doing well. |
| 529 Account | Savings plan for school costs. |
| Unsubsidized loan | Loan where you pay all the interest. |
| Economic mobility | Chance to move up or down in economic status. |
| Gig economy | Short jobs or tasks instead of regular jobs. |
| Disposable income | Money left after paying all bills. |
| Grant | Free money for a specific purpose. |
| Debt ratio | How much debt a company has compared to its assets. |