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Economic Activites

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Term
Definition
show Gaining money by working, owning a business, or receiving investment returns  
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earnings   show
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show The amount of goods/services an employee produces  
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advance   show
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workplace trend   show
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show A chance to get a job, advance in a career, or start or expand a business  
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standard of living   show
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market economy   show
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show The total output of goods and services in a nation  
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responsible   show
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Spending   show
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show A period in which individuals/businesses are financially successful and thriving  
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recession   show
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show The amount of goods/services available at any point in time  
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show The amount of goods/services consumer want to buy at any point in time  
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Law of Scarcity   show
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trade-off   show
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opportunity cost   show
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Saving   show
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show Items with lasting value, the purchase of which is considered a form of savings  
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savings rate   show
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show Having enough money saved to be able to withstand crises and emergencies  
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Borrowing   show
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show Borrowing; buying now, paying later  
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show Percentage of amount borrowed to be added to the amount loaned and paid back  
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inflation   show
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Created by: Shatoria
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