Wonders Unit 1 Week 1 Vocab 5th Grade

Front

What is profit?

Back

Profit is the money that is made from selling something after all costs have been paid.

Front

What are wages?

Back

Wages are payments received for work done, usually calculated on an hourly, daily, or piecework basis.

Front

What is a loan?

Back

A loan is money that is borrowed and is expected to be paid back with interest.

Front

What does it mean to afford something?

Back

To afford something means to have enough money to buy it.

Front

What does it mean to prosper?

Back

To prosper means to be successful or to thrive, especially in terms of financial success.

Front

What is savings?

Back

Savings is money that has been saved, typically in a bank, for future use.

Front

What is risk?

Back

Risk is the possibility of loss or injury; it is the chance that something bad could happen.

Front

How can a garden prosper?

Back

A garden can prosper when it receives enough rain and good weather conditions.

Front

What is the difference between profit and wages?

Back

Profit is the money made from sales after costs, while wages are payments for work done.

Front

What is an example of a loan?

Back

An example of a loan is when someone borrows money from a bank to buy a car.