Term
|
Definition
| money gained from earning. |
|
|
Term
|
Definition
| the amount of goods/services an employee produces. |
|
|
Term
|
Definition
| to get 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 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
| a period in which individuals/businesses are financially successful and thriving. |
|
|
Term
|
Definition
| an economic period of six months or more where 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
| items with lasting value,the purchase 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
| 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. |
|
|
