Economy: The way person of a state, a region, or a country uses their resources to meet their needs.
Economics: The study of how people run an economy.
Want: Something you would like to have
Need: Something you NEED to have to survive.
Budget: The amount of money we have to work with.
Spending: The amount of money that is spent in a given time.
Deficit: The amount owed (you spent more than you had) Your debt outweighs your income.
Revolution: When a government is overthrown, replaced, or forced to change by those whom they govern.
Propaganda: Newspapers, advertisements, commercials, all used to sway the public opinion or to promote an idea.
Direct democracy: All citizens meet together and make decisions via a vote.
Representative democracy: Citizens elect leaders who make decisions on their behalf.
Economics: The study of how people run an economy.
Want: Something you would like to have
Need: Something you NEED to have to survive.
Budget: The amount of money we have to work with.
Spending: The amount of money that is spent in a given time.
Deficit: The amount owed (you spent more than you had) Your debt outweighs your income.
Revolution: When a government is overthrown, replaced, or forced to change by those whom they govern.
Propaganda: Newspapers, advertisements, commercials, all used to sway the public opinion or to promote an idea.
Direct democracy: All citizens meet together and make decisions via a vote.
Representative democracy: Citizens elect leaders who make decisions on their behalf.