9781422271490

WORDS TO UNDERSTAND

economy: activities related to the production, use, and trade of services and goods in a city, state, region, or country hoarding: the process of acquiring excessive amounts of a product because of an irrational or real fear of future shortage; also can be defined as difficulty getting rid of or parting with possessions revenue: money that is earned from the sale of products or services before expenses are subtracted; it is also generated by taxing people or businesses semiconductors: products that are made from pure elements, such as silicon or germanium, and that are considered the “brains” of most modern technology; also known as integrated circuits and microchips vehicle insurance: financial protection against certain risks, such as damage to one’s vehicle or the vehicles of others, damage to personal property, and injury to drivers, passengers, or pedestrians

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