Wonders Grade 5 Unit 1 Week 1 Vocabulary

Front

What is income?

Back

Money received, especially on a regular basis, for work or through investments.

Front

What is a risk?

Back

The chance of loss.

Front

What is profit?

Back

The amount of money left after all business costs have been paid.

Front

What does scarce mean?

Back

When something is difficult to get or to find.

Front

What are wages?

Back

Payments received for work done.

Front

What is an investment?

Back

Money put into a business or project with the expectation of earning a profit.

Front

What does it mean to borrow money?

Back

To take money from someone with the agreement to pay it back later.

Front

What is a business cost?

Back

Expenses incurred in the operation of a business.

Front

What is a loan?

Back

Money that is borrowed, usually with interest.

Front

What is a budget?

Back

A plan for managing income and expenses.