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Term
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Definition
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Term
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Definition
| using money to purchase goods and services |
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Definition
| Choices because of unlimited needs and wants |
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Term
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Definition
| The highest-valued alternative |
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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
| researching and planning purchases in advance |
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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
| forming the habit of saving regularly |
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Term
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Definition
| obtaining money, goods, or services at present in exchange for the promise of future payment |
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Term
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Definition
| borrowing only what can be paid back when due |
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Term
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Definition
| The amount of goods/services an employee produces |
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