Running a Business in the Community Vocabulary

Front

Obtaining money by providing goods, services, or collecting interest.

Back

earning

Front

Giving someone money in exchange for goods or services.

Back

spending

Front

Setting aside money for future use.

Back

saving

Front

Giving money to a person or organization without gaining goods or services in return.

Back

donating

Front

A plan for managing a person's income and expenses.

Back

budget

Front

An economic system where people have freedom as both consumers and producers.

Back

free enterprise system

Front

The money a person gets from selling goods or providing services.

Back

income

Front

The money made by a business after paying all expenses.

Back

profit

Front

A shortage of a resource that is in demand.

Back

scarcity

Front

A cost a person has for a good or service he/she buys.

Back

expense