Terms in this set (12) Disposable Income. Money you have left to spend each month. Financial Plan. A set of goals for spending, saving and investing money. Budget.
What is the process of buying and using goods and services called?
Trade is the transfer of goods and services from an individual or entity to another in exchange of money.
What is the money you spend called?
Disposable income–The money you have to spend or save as you wish after taxes, social security, and other required and optional deductions have been withheld from your gross pay.
What do you call the money or goods that are used to make products?
Capital Resources. Goods made and used to produce other goods and services. Choice.
Which is the best synonym for the word spend?
to look after someone by making money in order to buy the things that they need. push the boat out. phrase. to spend a lot of money on something, especially a celebration. put down. phrasal verb. to pay part of the cost of something and agree to pay the rest later. put someone through school/university/college.
What does it mean to spend a lot of money?
to spend money on something in order to improve it or make it more successful to pay a lot for something: used for emphasizing that you spent a lot, especially when it has not been worth it to try to improve something by spending a lot of money on it.
What’s the average disposable income in the United States?
Per capita income is a common measurement used by economists and refers to the amount of money earned per person in a region or nation. The United States had an average household disposable income of $45,284 per capita as of December 2020, according to the OECD website. 4
How is the amount of money in the world determined?
Money supply data is usually analyzed and published by the government or the central bank of the country. Since it is present in various forms (virtual and physical) in different currencies, it’s extremely difficult to determine the exact total amount. To make things easier, we have converted currencies into the US dollar.
