Term
|
Definition
money gained from earning |
|
|
Term
|
Definition
the amount of goods/services and 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, advance in a career, or start or explanc 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 which consumers respond to the economy as they wish --- in their earning, spending, saving, and borrowing |
|
|
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 finacially successful and thriving |
|
|
Term
|
Definition
an economic period of sex months or more when growth is slowed down |
|
|
Term
|
Definition
the mount of good/services available at any point in time |
|
|
Term
|
Definition
the amount of goods/services consumer want to buy at any pont intime |
|
|
Term
|
Definition
individuals, families, businesses and nations have limites 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 value, the purchase of which is considered a form of savings |
|
|
Term
|
Definition
the amount of money people save in an econom |
|
|
Term
|
Definition
having enough money saved to be able to withstand crises and emergencies |
|
|
Term
|
Definition
obtaining nmoney, good, or services in exchange for promise of future payment |
|
|
Term
|
Definition
borrowing; buyhing now, paying later |
|
|
Term
|
Definition
percentage of amount borrowed to be added to the amount loaned and paid back |
|
|
Term
|
Definition
a perido in which demand for good/services is high and prices continue to rise |
|
|