Math/Economics Lesson 6

Front

What is a consumer?

Back

A consumer is a buyer or user.

Front

What is currency?

Back

Currency is money issued by a government.

Front

What does it mean to distribute something?

Back

To distribute something means to pass it out.

Front

What is an economy?

Back

An economy is a system for the management of resources and business.

Front

What does labor refer to?

Back

Labor refers to workers as a group.

Front

What is overhead?

Back

Overhead is the cost of running a business.

Front

What does it mean to purchase something?

Back

To purchase something means to buy it.

Front

What does it mean to reduce something?

Back

To reduce something means to make it less.

Front

What is surplus?

Back

Surplus is the amount that is left over.

Front

What are wages?

Back

Wages are payments for work.