Consumer Affairs Vocabulary

These are goods/services that we do not need in order to survive (a)  

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future (a)  

These are things that are made to be sold (a)  

A person who buys goods or services in order to satisfy needs and wants (a)  

A transaction in which no physical product is transferred from the seller to the buyer. It cannot be touched (a)  

These are things that the consumer must have in order to survive for example food, shelter and clothing (a)  

The personal spending of individuals and families that involves the selection, usage and disposal or reuse of goods and services (a)  

A financial plan showing an estimate of income and expenditure or spending for a set period of time (a)  

Money that a person or a business receives in return for working, providing a product or service, or investing capital (a)  

The growing interdependence of the world's economies, cultures, and populations (a)