Term
|
Definition
| Gaining money by working, owning a business, or receving investment returns . |
|
|
Term
|
Definition
| Money gained from earning . |
|
|
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, advance in a careeer, 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 which consumers respond to the economy as they wish-- in their earning, spending, saving, 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/business 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 value, the purchas 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, paying 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 rise . |
|
|
