Glossary Terms:

$15 Billion to Host the Summer Olympic Games: Is it worth it?

Glossary terms from:
http://www.econedlink.org/e16


Benefit

Monetary or non-monetary gain received because of an action taken or a decision made.

Costs

An amount that must be paid or spent to buy or obtain something. The effort, loss or sacrifice necessary to achieve or obtain something.

Expenses

Payments for goods and services.

Revenue

The money a business receives from customers who buy its goods and services. Not to be confused with profit.

Workers

People employed to do work, producing goods and services.