Term
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Definition
| money gained from earning |
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Term
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Definition
| the ammount 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 gevt a job,advance in a career, or start or expand a 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 their 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 responisble 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/bussines are financially successfuland thriving |
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Term
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Definition
| an economic period of six months or more when a growth is slowed down |
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Term
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Definition
| the amount of goods/services available at any poin in time |
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Term
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Definition
| the amount of goods/services consumer want to buy at any poin intime |
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Term
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Definition
| individuals,families,businesses and nations have limiited resources with which to meet the unlimited needs and wants of consumer/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 mony saved to be able to withstand crises and emergencies |
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Term
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Definition
| obtaining money,goods,or services in exchange for promise of future payment |
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Term
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Definition
| borrowing; buying now, paying 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 is high and prices continue to rise |
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