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Georgia Studies Vocabulary

Georgia Studies Vocabulary. Week 25. 1 ) export. to ship products to other countries or places for sale, exchange, etc. 2 ) economy. The system of growing, making, selling, buying, and using goods and services. 3 ) entrepreneurs.

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Georgia Studies Vocabulary

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  1. Georgia Studies Vocabulary Week 25

  2. 1) export • to ship products to other countries or places for sale, exchange, etc.

  3. 2) economy • The system of growing, making, selling, buying, and using goods and services

  4. 3) entrepreneurs • a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

  5. 4) profit • The amount left after all production costs have been subtracted

  6. 5) revenue • A source of income

  7. 6) expenditures • Money spent or paid out

  8. 7) Fiscal year • A budgetary spending year; Georgia’s fiscal year begins July 1 and ends June 30.

  9. 8) scarcity • insufficiency or shortness of supply; inadequate supply; dearth; paucity .

  10. 9) surplus • something that remains above what is used or needed; an amount, quantity, etc., greater than needed

  11. 10) deficit • the amount by which a sum of money falls short of the required amount; the amount by which expenditures or liabilities exceed income or assets.

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