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Economics terms (personal financial)


Word Bank
bank, budget, capital, choice, costs, deposit, goal, income, job, land, markets, money, profit, econnomics, opportunity cost, scarcity, spend, wage, market economy, wants, allowance

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17           18              

2.a piece of work usually done on order at an agreed-upon rate
6.money paid regularly to a person
8.money put into a financial account
9.desires that can be satisfied by consuming or using a good or service
10.anything generally accepted as final payment for goods and services
11.payments earned by households for selling or renting their productive resouces
13.economy that relies on a system of interdependent market prices to allocate goods and services (2 Words)
14.income received for entrepreneurial skills and risk taking
17.spending and saving plans
18.the condition that exists because human wants exceed the capacity of available resources to satisfy those wants
19.use money now to buy goods and services
1.decision made or course of action taken when faced with a set of alternatives
3.second-best alternative(or value of that alternative) (2 Words)
4.resources and goods made and used to produce other goods and serices
5.gifts of nature that can be used to produce goods and services
7.study of how people, films and societies choose to allocate scarce resources
9.payments for labor services directly tied to time worked
12.something a person or organization plans to achieve in the future
13.places, institutions or technological arrangements where or by means of which goods or services are exchanged
15.amount that must be paid or spend to buy or obtained something
16.various products and services to its customers

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