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Definition
| Gaining money by working, owninga business, or recieving investment returns. |
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Term
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Definition
| Money gained from earning. |
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Definition
| The amount of goods/services an employee produces. |
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Definition
| To get a promotion and/or raisein salary. |
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Definition
| A direction in which the workplace is moving. |
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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 responsible approach to choices, considering obligationsto 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 period 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 any point in time. |
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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 vaule, 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 crisesand 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; 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 is high and prices continue to rise. |
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