Week 2 BizTown Vocab

Front

Definition: model of movement of goods, services, resources, and money in an economy.

Back

circular economy

Front

Definition: the people and things needed to produce goods and services.

Back

resources

Front

Definition: things people buy and use.

Back

goods

Front

Definition: current money in an account.

Back

balance

Front

Definition: a system that guides how money is earned and used in a society.

Back

economy

Front

Definition: work done for others, e.g., haircuts or car repairs

Back

services

Front

Definition: things a person likes to do

Back

interests

Front

Definition: fee for using money.

Back

interest

Front

Definition: amount of money in an account after deductions.

Back

net deposit

Front

Definition: money left after a business pays all costs.

Back

profit