Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
using money to purchase goods and services |
|
|
Term
|
Definition
Choices because of unlimited needs and wants |
|
|
Term
|
Definition
The highest-valued alternative |
|
|
Term
|
Definition
The choice of one item while giving up another |
|
|
Term
|
Definition
researching and planning purchases in advance |
|
|
Term
|
Definition
putting aside money for later use |
|
|
Term
|
Definition
obtaining money, goods, or services at present in exchange for the promise of future payment |
|
|
Term
|
Definition
borrowing only what can be paid back when due |
|
|