Instructions: Identify the Following

question 45

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Andrew Carnegie

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Definitions:

High-Risk

Situations or investments where there is a high probability of loss but also a potential for more significant than average gains.

Household Savings

The portion of disposable income that is not used for consumption, but is set aside for future spending, emergencies, or investments.

Economic Loss

A situation where the cost of producing a good or service exceeds the revenue generated from its sale.

Investment

Positioning resources, particularly money, with the expectation of accruing income or a profit.