Economics Vocabulary for Grade 10

Front

savings

Back

That part of income not spent

Front

transfers

Back

One way payment from the government

Front

interdependence

Back

A term for relying on each other

Front

revenue

Back

Another word for sales

Front

grant

Back

Free money from the Government

Front

rates

Back

This is collected for local government from homeowners

Front

expenses

Back

Money spent to acquire something

Front

profit

Back

Revenue minus expenses equals this

Front

income

Back

Money received

Front

subsidy

Back

Payments from the Government to producers