Term
|
Definition
| Money gained from earing. |
|
|
Term
|
Definition
| The amount of goods/services an employee produces. |
|
|
Term
|
Definition
| To get a promotion and/or raise in salary |
|
|
Term
|
Definition
| A direction in which the workplace is moving. |
|
|
Term
|
Definition
| A chance to get a job, advanceina career, or start or expand a business |
|
|
Term
|
Definition
| the style of living that a person can afford, according to his/her income. |
|
|
Term
|
Definition
| A free enterprise system in wgich consumerd respond to the economy as they wish in their earnings, spendings, savings, and borrowing. |
|
|
Term
|
Definition
| The total output of goods and services in a nation. |
|
|
Term
|
Definition
| Showing a responsible approach to choices, considering obligations to others. |
|
|
Term
|
Definition
| Using money to purchase goods and services. |
|
|
Term
|
Definition
| A period in which individuals/ businesses are financially successful and thriving. |
|
|
Term
|
Definition
| An economic period of six months or more when growth is slowed down. |
|
|
Term
|
Definition
| The amount of goods/ services available at any point in time. |
|
|
Term
|
Definition
| The amount of goods/services consumer want to buy at any point in time. |
|
|
Term
|
Definition
| individuals, families, businesses and nations have limited resources with which to meet the unlimited needs and wants of consumers/ citizens. |
|
|
Term
|
Definition
| The choice of one item while giving up another. |
|
|
Term
|
Definition
| The highest-valued alternative that must be given up when a choice is made. |
|
|
Term
|
Definition
| Putting aside money for later use. |
|
|
Term
|
Definition
| Items with lasting valu, the purchase of which is considered a form of savings. |
|
|
Term
|
Definition
| The amount of money people save in an economy. |
|
|
Term
|
Definition
| Having enough money saved to be able to withstand crises and emergencies. |
|
|
Term
|
Definition
| Obtaining money, goods, or services in exchange for promise of future payment. |
|
|
Term
|
Definition
| Borrowing; buying now, pay later. |
|
|
Term
|
Definition
| Percentage of amount borrowed to be added to the amount loaned and paid back. |
|
|
Term
|
Definition
| A period in which demand for goods/ services is high and prices continue to raise. |
|
|
Term
|
Definition
| intreest payable only on the principle, interest that is not compounded. |
|
|
Term
|
Definition
| Interest paid on both the principle and on accrued interest. |
|
|
Term
|
Definition
| Quick way to evaluate an interest rate. |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Providing income that is not taxed until a later time. |
|
|
Term
|
Definition
| Actual annual rate at which interest is earned. |
|
|
Term
|
Definition
| Certificate issued by a financial institution to indicate that money has been deposited for a certain term. |
|
|
Term
|
Definition
| Nontransferable debt certificates issued by the U.S. treasury. |
|
|
