Unit 5 Vocab

Front

Gov-approved actions or procedures

Back

Policy

Front

Income raised by the government

Back

Revenue

Front

Costs incurred by the government

Back

Expenditure

Front

Standards and rules set by the government

Back

Regulations

Front

Government procedures for spending and revenue collection

Back

Fiscal Policy

Front

Govt procedures related to money supply

Back

Monetary Policy

Front

Monetary assistance to other countries

Back

Foreign Aid

Front

Central bank of the U.S. regulating the monetary and financial system

Back

Federal Reserve

Front

Economic system where private business competes with minimal state control

Back

Free Enterprise

Front

Willingness to take risks and manage a business in a competitive global market.

Back

Entrepreneurship