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gaining money by working, owning a business, or receiving investment returns |
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money gained from earning |
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the amount of goods/services an employess produces |
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t get a promotion and/or raise in salary |
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a direction in wghich the workplace is moving |
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a chance to get a job, advance in a career or start or expand a business |
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the style of living that a person can afford, according to his/her income |
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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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a total output of goods and services in a nation |
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shaowing a responsible approach to choices, considering obligations to thers |
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using money to purchase goods and services |
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a period in which individuals/businesses are financially successful and thriving |
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an economic period of six months or morewhen growth is slowed down |
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the amount of goods/services available at any point in time |
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the amount of goods/services consumer want to buy at any point in time |
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individuals, families, businesses, and nations have limited resources with which to meeet the unlimited needs and wants of consumers/citizens |
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the choice of one item while giving up another |
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the highest-valued alternative that must be given up when a choice is made |
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putting aside money for later use |
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ithems with lasting value, the purchase of which is considered a form of savings |
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the amount of money people save in the economy |
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having enought money saved to be able to withstand crisi and emergency |
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obtaining money, goods/services in exchane for promise of future payment |
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borrowing, buying now, paying late |
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percentagfe of amount borrowed to be added to the amount loaned and paid back |
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a period in which demand for goods/services is high and prices continue to rise |
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