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Definition
Gaining money by working, owning a business, or receiving investment returns |
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Term
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Definition
| The amount of goods/services an employee produces |
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Term
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Definition
| To get a promotion and/or raise in salary |
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Term
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Definition
| A direction in which the workplace is moving |
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Term
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Definition
| A chance to get a job, advance in a career, or start or expand a business |
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Term
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Definition
| The style of living that a person can afford, according to his/her income |
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Term
market economy 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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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 obligations to 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 intime |
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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 value, 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 crises and 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; buying now, paying 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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