Economics Vocabulary

Money paid to the government

• donate

• tax

• income

• savings

To give money for a cause

• savings

• donate

• tax

• spend

paying money for goods or services

• savings

• spending

• donate

• tax

opposite of spending

• save

• tax

• donate

• consumer

A person that purchases goods or services

• demand

• entrepreneur

• supply

• consumer

A person that organizes and operates a business

• supply

• budge

• entrepreneur

• consumer

to make money

• tax

• profit

• spend

• save

an estimate of expenses and income

• tax

• budget

• supply

• demand

a series of workers or machines in a factory that assemble identical items

• assembly line

• entrprenuer

• consumer

• budget

competition between privately owned business

• economics

• free market

• budget

• supply