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Economic Terms PF

Tristan Oberci

Word Bank
Consume, Expenses, Decision, Interest, Labor, Spend, Wage, Wants, Workers, Money, Profit, Save, Savers, Deposit, Choice, Economics, Land, Opportunity Cost, Regulation, Work, Market Economy

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4.Payments for labor services directly yied to time worked, or to the number of units of output produced.
5.The quantity and quality of human effort available to produce goods and sevices
8.Money paid regularly at a particular rate for the use of borrowed money
9.Person who desire to conserve their monetary funds to the best of their ability
10.A conclusion reached after considering alternatives and their results
12.Economy that relies on a system of independent market prices to allocate goods (2 Words)
14.Study of how people firms and societies choose to allocate scarce resources with alternative uses
16.Payments for goods and services
17.Anything generally accepted as final payment for good or service
20.People employed to do work, producing good and service
21.Use money now to buy goods and services
1.Second Best (2 Words)
2.Desires that can be satisfied by consuming or using a good or service
3.Keep money for future use
6.Gift of Nature
7.A Natural Monopoly
11.Income received for entrepreneurial skills and risk taking
13.To Buy and Use a good or service
15.Money put into a financial account
18.Decision made or course of action taken when faced with a set of alternatives
19.Efforts applied to achieve a purpose or result

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