Vocabulary Development: Government Revenue

What is Government Revenue?

Government revenue is the money the government raises from policies such as taxes, to supply goods and services that are not supplied by private companies, such as defense, roads, and bridges.

1. Revenue: Money collected for public use.

2. Taxation: Revenue obtained from taxes.

3. Income: Money received, especially on a regular basis, for work or through investments.

4. Resources: Something that a country has and can use to increase its wealth.

5. Economy: The process by which goods and services are produced, sold, and bought into the country.

6. Tariffs: A schedule of duties imposed by a government on imported/exported goods to generate money.

7. Tolls: A tax or fee paid by motorists for the privilege of passing over a highway.

8. Inflation: A continual increase in the price of goods and services.

9. Investment: The outlay of money which is to bring in more income or profit.