economics

HideShow resource information
  • Created by: SB1
  • Created on: 04-11-15 14:24
personal lifecycle
the econmic liofecycle
1 of 15
Childhood
the first stage of the personal lifecycle (0-12 years old)
2 of 15
adolescence
the second stage of the personal lifecycle (teenagers)
3 of 15
Young Adult
the middle stage of the personal life cycle
4 of 15
Middle adult
the penultimate stage of the personal lifecycle (middle aged)
5 of 15
Old Adult
The final stage of the personal life cycle (old age)
6 of 15
income
tota; money recieved from a persons wages/salary, interest and dividends
7 of 15
borrowing
getting money from a lender that must be repaid in the future (eg: mortgage)
8 of 15
savings
putting money aside for later use
9 of 15
needs
they are essential to our lives
10 of 15
wants
they are things wecould survive without
11 of 15
beneits
regular payments from the government to support people in need
12 of 15
retirement
when we cease to do paid employment
13 of 15
taxes
a fee levied by a government on a product, income or activity
14 of 15
pensions
a benefit paid s
15 of 15

Other cards in this set

Card 2

Front

the first stage of the personal lifecycle (0-12 years old)

Back

Childhood

Card 3

Front

the second stage of the personal lifecycle (teenagers)

Back

Preview of the back of card 3

Card 4

Front

the middle stage of the personal life cycle

Back

Preview of the back of card 4

Card 5

Front

the penultimate stage of the personal lifecycle (middle aged)

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Money resources »