EconoTerms A

Accounting
      This is a business-related occupation. Accountants keeps track of business transactions, and audit them.

Affluent Society
      Term made famous by John Kenneth Galbraith in his book, The Affluent Society, which described the US after World War II; this term designates a society in which most people do not live in poverty. An affluent society is, economically, a good thing.

Audit
     When an outside party looks over the accounts of an individual or a corporation, it's called an audit.

Back to the EconoTerms main page