LESSON 8 Flashcards

(11 cards)

1
Q

Good

A

something that is made for people to use

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2
Q

Service

A

An action that people perform

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3
Q

GDP

A

gross domestic product

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4
Q

Consumer

A

a person who buys or uses product

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5
Q

Brand

A

a name given by the maker of a product

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6
Q

Bankruptcy

A

a legal declaration a bank cant pay

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7
Q

Stock exchange

A

stocks being bought/sold

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8
Q

Insurance

A

paying small sums of money to avoid big losses

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9
Q

Social Security

A

provides benefit for certain people

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10
Q

Medicare

A

health insurance for 65+

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11
Q

Medicade

A

health insurance for low income

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