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Aquila Econ List 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Wages   The money a business pays its workers.  
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Cost   The money businesses pay to produce goods or services.  
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Profit   The money the business makes after selling a good or service  
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Price   The money that the consumer pays for a good or services.  
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Taxes   Money that people have to pay to the government.  
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Savings   The part of a person's money that is not spent for goods and services, or used to pay taxes (the money that is not used).  
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Partnership   A business owned by two or more people.  
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Created by: aaquila
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