ACT Math and Assessment - Economics

to give someone money or another benefit for loss, injury, damage, or inconvenience they have suffered

to repay someone for expenses or losses they have experienced

(particularly related to money) to gradually increase in amount or number

to freely give goods, money, or food to someone or an organization

to seek financial contributions or donations for a particular cause, organization, or event

to buy or begin to have something

to use or take something belonging to someone else, with the idea of returning it

to put an amount of money or other item of value into a bank account

to obtain or earn something desired or needed, typically through effort or skill

a tax imposed by a government on goods imported into or exported from a country

an amount of money officially charged as a tax, fee, or other compulsory payment

a share of a company's profits paid to its shareholders

the total income generated from business activities or other sources

a situation in which the prices of assets, such as stocks, real estate, or commodities, become significantly inflated beyond their intrinsic value due to speculative investing or market hype

the amount of money spent to do or have something

strict economic measures implemented by a government to reduce public expenditure and budget deficits

the process of introducing a new product or service into the market for sale

a product or raw material that can be bought and sold, especially in large quantities on financial markets

a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and the potential to provide future benefits

an economic cycle characterized by periods of rapid economic expansion followed by periods of contraction or recession

the cost advantages that enterprises obtain due to size, output, or scale of operation

the business of trading and exchanging shares of different companies

a person or organization that holds a position of trust, responsibility, and confidence to manage assets or property on behalf of others

a decline in something's price or value

the estimated residual value of an asset at the end of its useful life

a sale in which goods or property are sold to the person who offers the highest price

the general process of purchasing or selling something

money provided by a government or organization to support or encourage an activity, industry, service, or expense

a market situation in which a single company or supplier has exclusive control over a product or service and faces no effective competition

money, food, or other resources distributed freely to those in need, typically by an organization or government

an amount of money that one pays to receive an education, particularly in a university or college

a hard time in a country's economy characterized by a reduction in employment, production, and trade

a situation in which a person or business is unable to pay due debts

a thing that achieves great widespread popularity or financial success, particularly a movie, book, or other product

an amount of money invested in a business

someone who buys and uses services or goods

a person or organization that provides money or resources to a business or project with the expectation of making a profit

the regular costs required for maintaining a business or an organization

the sum of money spent

wealth or affluence, especially when displayed in a showy manner

the money, funds, or financial resources belonging to a government, organization, or institution

a reward or payment given as motivation for completing a task or reaching an objective

a book or digital record that contains financial transactions and balances, organized by accounts

involving or about money

relating to government revenue, spending, taxation, or other public finances

relating to money or currency

capable of producing a lot of profit or earning a great amount of money for someone

desirable or sought after, especially by employers or in the marketplace

using or requiring a large amount of a particular resource

(of a business) providing benefits or valuable returns

(of an organization, activity, etc.) operating without the goal of generating any financial benefits

characterized by an economic system where private ownership of businesses and resources drives production and distribution with a focus on profit

having a much higher quality and price than the rest of their kind

spending money very reluctantly

costing a lot of money, more than the necessary or affordable amount

possessing a great amount of riches and material goods

high quality, luxurious, or intended for a wealthier clientele

generous in giving or expressing

a piece of land, building, or other similar property as opposed to personal possessions