"A Fresh Idea" Vocabulary

Front

What does 'afford' mean?

Back

To have enough money to pay for something.

Front

What are 'savings'?

Back

Money that is set aside, often kept in a bank or piggy bank.

Front

What is 'profit'?

Back

The money that is made after all costs are subtracted from total earnings.

Front

What does 'scarce' mean?

Back

In short supply; not enough of something.

Front

What is a 'loan'?

Back

Money that is borrowed and must be paid back, usually with interest.

Front

What does 'prosper' mean?

Back

To be successful or to thrive, especially in financial terms.

Front

What are 'wages'?

Back

The money paid to a worker for their labor, usually calculated on an hourly, daily, or piecework basis.

Front

How can you calculate profit?

Back

Profit = Total Earnings - Total Costs.

Front

What is the purpose of a piggy bank?

Back

To save money in a fun and accessible way.

Front

What does it mean to 'risk' something?

Back

To expose something to danger or loss.