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Monday, June 28, 2010

Economics Vocabular

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13 comments:

  1. Tyler NJune 28, 2010 at 10:59 AM

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  2. Mr. JacksonJune 28, 2010 at 11:01 AM

    Money: The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us"
    I use money to buy the clothes I wear.
    I use money to buy food.
    Debt: the state of owing something (especially money); "he is badly in debt”
    I like to use debt cards to buy clothes,but most of the times I got too much cash.
    I use debt cards to buy lots of food,so when the bill comes in I got plenty of cash to cover it.

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  3. Austyn CJune 28, 2010 at 11:08 AM

    Money- An doccument used for trading
    Money is paper we use to buy stuff. It’s real value is the value of the paper it’s printed on.

    Debt- Owing someone money
    Debt is owing someone money because you borrowed money from them. Now you have to pay them back.

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  4. Tyler NJune 28, 2010 at 11:12 AM

    -Money is anything that is generally accepted as payment for goods and services and repayment of debts.
    I like to spend money all the time.]
    I like the way it feels when I have money to spend.


    Debt- owing somebody a payment or money.
    I hate it when I am in debt.
    My mom hates it when we are in debt.

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  5. KAYLA!!! ;-)June 28, 2010 at 11:50 AM

    moneythe most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us"
    wordnetweb.princeton.edu/perl/webwn - Definition in context



    debt the state of owing something (especially money); "he is badly in debt"
    wordnetweb.princeton.edu/perl/webwn - Definition in context

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  6. jessica ♥June 28, 2010 at 11:53 AM

    Money- coins or bills of accepted value that can be used to pay for goods and services
    What it`s like: coins, bills, and cash
    Sometimes money is known as coins.
    I pay for all my stuff with bills.

    Debt- the amount due for payment beyond what one can pay
    What it`s like: car loan, house loan, and land contract
    Some people go into debt because they buy things that they don`t have the money for.
    Not paying for your loans can cause you to go into debt.

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  7. Drop The WorldJune 29, 2010 at 10:51 AM

    Money- is currency that is spent or earned.
    I like to spend money on stuff for my car.
    I like to earn my money rather than getting it handed to me.



    Debt-An amount o money owned and borrowed by one party to another.
    I do not like to be in debt.
    Debt needs to be paid on time if not you gain interest.

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  8. Drop The WorldJune 29, 2010 at 10:52 AM

    Taxes- A charge for public purpose

    Taxes suck if you don’t pay them.

    If late on paying taxes you have to pay more than was originally intended.

    Donations- A thing given for charity

    Donations are for the good hearted people.

    Giving blood is also another type of donation.

    By: Cole D.

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  9. Tyler NJune 29, 2010 at 10:52 AM

    Taxes-To tax (from the Latin '; "I estimate", which in turn is from '; "I touch") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.
    I hate paying taxes.
    Me and my family have to pay taxes every year.


    Donations-The act or contract by which a person voluntarily transfers the title to a thing of which be is the owner, from himself to another, without any consideration, as a free gift.
    We gave the old women a donation at the church.
    I love to give people donations.

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  10. Manny FreshJune 29, 2010 at 10:53 AM

    Taxes- is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.
    When I worked at Hardees I had to pay income taxes for some of the overall money I made.
    When I buy a Mountain Dew there is a sales tax for every dollar.


    Donations- a voluntary gift (as of money or service or ideas) made to some worthwhile cause.
    I made a donation to Goodwill by giving them a bunch of my old clothes.
    I donated money to a bunch of homeless bums in NYC.

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  11. Mr. JacksonJune 29, 2010 at 10:55 AM

    Taxes: To tax (from the Latin '; "I estimate", which in turn is from '; "I touch") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.
    My dad pays on all his kids and his cars.
    When I get older I will have to pay taxes.
    Donation: A donation is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause
    If I was a very wealthy man I would make big donations.
    Every time I go to church I make a donation.

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  12. Austyn CJune 29, 2010 at 10:57 AM

    Taxes- a charge for public services
    Taxes are used for repairing highways and funding public events. People pay taxes to the government.

    Donations- a thing given for charity
    Donations are given to companies and to people. They are given out of Goodwill and Salvation Army.

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  13. Brian S 16June 29, 2010 at 11:02 AM

    Brian S.
    6/29/10
    “What are Taxes and Donations?”

    Taxes are a charge for a public purpose. An example of this is, lets say you take your so to Toys-R-Us and you buy a 15 dollar toy then a tax would be something extra you would have to pay which would normally be $1 to 2 dollars for a toy.
    Donations is a thing given to charity. A lot of people give money to charity,but you can give anything you want to chaity. I have given money to charity before. I think it feels good to give charity money.

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