moneMoney and business

1. Money and Business

2. MONEY
• Money is any object of value that can
be exchanged for a product or service.

3. How can we save money?
Savings account: many people use a savings
account to save money. They put money into
the account, and the bank pays interest on it.
You don´t need a debit or credit card.
Investing money: when you invest, you buy
something with the objective of selling it
later for more money. People often invest in
shares or bonds.
Money box: a money box is a box or container
where people save money. You can put
money into a money box whenever you want.

4. Credit VS Debit
• Debit card: Your money leaves the bank
account inmidiatly.( You only can spend
the money you have)
• Credit card: Your money doesn´t leave
the bank account inmidiatly.( You can
spend more money that you have, The
bank lends you the money but you have to
give it back with interests)

5. How do we spend our money?
Where do we spend money?
- We spend money on high order products like
cars and houses.
- We spend money on low order products such
as food, drinks and medicines. We buy these
every week.
- We spend money in:
Town centres Shopping centres On the internet

6. A budget
• It is the amount of money that we have
to spend. Budgets help us control how
much we spend.
Household budgets: many
people use budgets for their
shopping.
Business budgets: many businesses use
budgets to plan how much they will
spend on raw materials and products.

7. What types of companies are there?
In a partnership,
two or more
people own and
direct a company
together.
A corporation is
owned by the
people who
have shares in
the company. If
they operate in
other countries,
we call them
multinationals
A sole trader
owns and directs
his or her own
company.
In a cooperative,
all the people
working in the
company own it
together.

8. An organisational chart shows how a company is organised. It shows who
works for the company and what their responsibilities are. The most
important jobs appear at the top of the chat.
What’s an organisational chart?