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Economics terms Personal Finance, JP

Jordyn Pridgen

Glosssary-Terms

Word Bank
Allowance, Expenses, Job, Land, Labor, Costs, Goal, Decision, Save, Wage, Work, Economics, Profit, Market Economy, Deposit, Savers, Workers, Prouductivity, Opportunity Cost, Scarcity

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Across
4.Something a person or organization plans to achieve in the future.
5.A conclusion reached after considering alternatives and their results
6.Amount of output produced per unit of input.
8.Money paid, regularly to a someone.
12.Economy that relies on a system of interdependent market prices . (2 Words)
13."Gifts of Nature" , that can be used to produce goods or services.
14.Study of how people , firms and societies choose to allocate scarce resources
15.Income recieved for entrepreneurial skill and risk taking.
17.Money put into a financial account.
19.People employed to do work, producing goods & services
Down
1.Keep money for future use.
2.Second-best alternative that must be given up when scarce scarce of resources (2 Words)
3.The quantity & quality of human effort available to produce goods and services.
7.Payments for labor services directly tied to time worked.
9.The condition that exist because human wants exceed the capacity of available capacity
10.A piece of work usually done or order at an agreed-upon rate.
11.Person who desire to conserve their monetary funds to the best of their ability.
14.Payments for goods or services.
16.Effort applied to achieve a purpose or result , for pay
18.Amounts that must paid or spent to buy or obtain something.

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