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words to know Economics

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Term
Definition
deposit   to put money in a bank  
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direct deposit   money sent directly into a person's bank account without the use of checks or cash  
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discount   an amount taken off a regular price  
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consumer   a person who buys goods and services  
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free   not costing any money  
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wage   an amount of money that a worker is paid (based on the number of hours that are worked)  
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income   money coming in (earnings or investments)  
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budget   a plan used to decide the amount of money that can be spent  
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cost   the price of something (the amount of money that is needed to pay for something)  
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bank   an establishment (place) deposit money. or get a loan  
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job   the work that a person does regularly in order to earn money  
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savings   an amount of money that is NOT spent or used  
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tax   an amount of money that is required to pay  
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loan   a legal arrangement when you borrow money and you are required to pay it back  
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