CE 13-14 Vocabulary

A situation where one business controls all or almost all of the sales of a product

• Federal Reserve System

• Corporation

• Monopoly

• Property Right

The combination of a person’s education, knowledge, skill, experience, health, training, and talent.

• Human Resource

• Entrepreneurship

• Natural Resource

• Human Capital

Paper money and coins used in a particular country.

• Federal Reserve System

• Antirust Laws

• Financial Capital

• Currency

Laws designed to prevent the formation of monopolies in business

• Property Right

• Antirust Laws

• Human Capital

• Sixteenth Amendment

Define Financial Responsibility-

• Spending all of your money at once

• Using money to fulfill civic responsibilities

• Something you should do for the common good

• Making good decisions about money.

A legal claim to ownership that are protected by contracts enforceable by law.

• Property Right

• Trust

• Consumer Right

• Financial Responsibility

A tax based on individual or family income.

• W-2 Tax

• Property Tax

• Sales Tax

• Income Tax

• 14th Amendment

• 15th Amendment

• 16th Amendment

• 24th Amendment

Define the Federal Reserve System

• A tax based on individual or family income.

• The central bank of the United States Government.

• A business organization that facilitates the exchange of money and currency

• A situation where one business controls all or almost all of the sales of a product.

Goods and services provided by the government paid for with tax dollars, like 911, public schools, parks, roads, etc.

• Capital Resources

• Civic Responsibilities

• Public Goods and Services

• Central ownership