Fixed and Variable Expenses
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Wants
have a desire to possess or do (something); wish for.
Expenses
the cost required for something; the money spent on something.
Variable Expenses
are costs that can change depending on your use of products or services.
Fixed Expenses
are those that do not fluctuate with changes in production level or sales volume.
Needs
cannot avoid or must have.
Budget
an estimate of income and expenditure for a set period of time.
