BizTown Vocabulary

Front

A sum of money (taken from one's paycheck) that people and businesses must pay the government in return for public services.

Back

Taxes

Front

In this economic system businesses and consumers make the decisions on what to produce, how to produce, and who to produce it for

Back

Market Economy

Front

money that is set aside for later use

Back

savings

Front

the amount of money an employee receives AFTER taxes and other deductions are taken from a paycheck

Back

Net Income

Front

The act of placing or putting money into your checking or savings account

Back

deposit

Front

A plastic card you get from the bank. When this card is used, the money is immediately transferred out of your bank account to the sellers account.

Back

Debit Card

Front

Resources that come from the earth and nature

Back

Natural Resources

Front

The amount of money an employee earns BEFORE any taxes or other deductions are subtracted

Back

Gross Income

Front

Machines, technology and tools that are used to help make products

Back

Captial Resources/Captial Goods

Front

A plastic card. When this card is used, you are actually borrowing money to pay for what you buy. Each month you have to make payments on the items you purchased with this card.

Back

Credit Card