Term
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Definition
| Gaining money by working, owning a business, or receiving investment returns. |
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Definition
| The amount of goods/services an employee produces. |
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Term
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Definition
| To get a promotion and/or raise in salary. |
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Term
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Definition
| A direction in which the workplace is moving. |
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Term
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Definition
| A chance to get a job, advance in a career, or start an expand business. |
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Term
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Definition
| The style of living that a person can afford, according to his/her income. |
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Term
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Definition
| A free enterprise system in which consumers respond to the economy as they wish-- in thier earning, spending, saving and borrowing. |
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Term
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Definition
| the total output of goods and services in a nation. |
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Term
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Definition
| showing a responsible approach to choices, considering obligations to others. |
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Term
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Definition
| using money to purchase goods and services. |
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Term
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Definition
| a period in which individuals/businesses are financially successful and thriving. |
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Term
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Definition
| an economic preriod of six months or more when growth is slowed down. |
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Term
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Definition
| the amount of goods/services available at any point in time. |
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Term
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Definition
| the amount of goods/services consumer want to buy at one point intime. |
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Term
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Definition
| individuals, families, businesses and nations have limited resources with which to meet the unlimited needs and wants of consumers/citizens. |
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Term
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Definition
| the choice of one item while giving up another. |
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Term
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Definition
| the highest-valued alternative that must be given up when a choice is made. |
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Term
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Definition
| putting aside money for later use. |
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Term
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Definition
| items with lasting value, the purchase of which is considered a form of savings |
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Term
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Definition
| the amount of money people save in an economy. |
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Term
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Definition
| having enough money saved to be able to withstand crises and emergencies. |
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Term
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Definition
| obtaining money, goods, or services exchange for promise or future payments. |
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Term
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Definition
| borrowing; buy now, pay later. |
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Term
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Definition
| Percentage of amount borrowed to be added to the amount loaned and paid back |
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Term
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Definition
| A period in which demand for goods/services in high prices continue to rise. |
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