Economics

specific plan for spending your income

• income

• personal budget

• expenditure

• competition

money received, espeically on a regular basis, for work or through investments

• income

• market

• competition

• entrepreneurs

an expense; the amount needed to be paid out

• bank

• entrepreneurs

• consumer

• expenditure

portion of income not spent on consumption

• bank

• income

• savings

• labor

an institution for receiving, keeping, and lending money

• goods and services

• bank

• labor

• entrepreneurs

the struggle among producers for the dollars of consumers

• competition

• consumer

• personal budget

• labor

bring buyers and sellers together to exchange goods and services

• goods and services

• labor

• markets

• competition

a person who purchases goods and services for personal use

• personal spending

• entrepreneurs

• consumer

• labor

human effort directed toward producing goods and services

• consumer

• labor

• goods and services

• income

the objects (goods) and the actions (services) that people value and produce to satisfy human wants

• consumer

• markets

• labor

• goods and services