FI$H economics vocabulary Unit 8 modified level

Someone who acts in the middle to connect 2 resources

• intermediary

• stock broker

The cost of moving a product from where it was made to where it is sold

• Transportation costs

• Stock Market

Having plenty of something

• abundance

• scarce

The cost of using someone else's money. It is extra $ that you pay back

• interest

• bonds

To give someone else $$ assuming you will get it back at a later time.

• Loan

• interest

How quickly products can be made.

• Productivity

• consumer

The amount of money a business has AFTER paying bills and debts

• Profits

• investment

Investing or loaning $$ knowing that it might not be repaid

• Risk

• savings

Promise that $$ will be repaid or resources will be returned

• guarantee

• investment

A dishonest scheme to get more $$ from people. It means someone is just taking $ and moving it around without providing a product or service. (it is illegal)

• Racket

• insurance