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What's Necessary(1I)

(1st Interim)

QuestionAnswer
Debt Money you owe to the bank.
Expenditures The amount or total money you have spent on something or a whole thing.
Credit An arrangement to obtain money, goods, or services with a promise to pay later.
Income The amount of money you earn from working, any money you receive is income.
Profit The amount of money you earn minus your expenditures.
Saving The money you keep and not spend for another use like medical emergencies and more.
Risk The possibility of financial lost.
Investing Using money in hopes of gaining more in the future by lending to a business in exchange for a share of profits.
Budget A tracking of what you spend your money on and how you spend your money, and it's a plan for spending.
Bankruptcy A legal proceeding involving a person or business that is unable to repay outstanding debts.
Evaluate the economic impact of various industries in Georgia including agricultural, entertainment, manufacturing, service, and technology. Influences exports and imports, also provides a wide variety of jobs.
Describe the reasons for and the benefits of a household budget. describe the reasons for and the benefits of savings Budgets are a plan, a financial plan for your expenditures and how to control them. These provide extra money for things that you may want, or need, or emergencies.
Created by: gunn135h4nn0n
 



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