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Economics Terms PBF

Sienna Sawyer

Word Bank
Allowance, Bank, Budget, Choice, Cost, Deposit, Economics, Income, Job, Labor, Markets, Money, Opportunity Cost, Save, Productivity, Work, Spend, Savers, Wage, Incentive, Decison, Expense, Goal

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3.Something a person or organization plans to achieve in the future; and aim or desired result.
4.The quantity and quality of human effort available to produce goods and services.
5.amount of output(goods and services) produced per unit of input(productive resources) used
7.Places, institutions or technological arrangements where or by means of which goods or services are exchanged
8.Study of how people, firms and societies choose to allocate scarce resources with alternative uses.
10.Anything generally accepted as final payment for goods and services
11.Payments for goods and services.
12.Payments earned by households for selling or renting their productive resouces
14.A conclusion reached after considering alternative and their results
15.keep money for future use; divert money from current spending to savings account or other investment.
16.Spending-and-savings pl;an, based on estimated income and expenses for a individual or organization, covering a specific time period.
19.effort applied to achieve a purpose or results, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, cfart,etc.
20.Decision made or course of action taken when faced with a set of alternatives
1.Second-best alternative that must be given up when scarce resources are used for one purpose vs. another (2 Words)
2.Money paid to person, often to child; sometimes in compensation for services render
6.Reward or benefit, such as money, advantage or good feeling, that motivates people to do something.
9.Person who desire to conserve their monetary funds to best of their ability
13.payments for labor services directly tied to time worked, or to the number of units of output produce
14.Money put into a financial account
16.Financial institution that provides various products and services to its customers, including checking and savings accounts, loans and currency exchange.
17.Use money now to buy goods and services
18.A piece of work usually done on order at an agreed-upon rate
20.Amount that must be paid or spend to buy or obtained something

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