Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/13

Click to flip

13 Cards in this Set

  • Front
  • Back
Budget
A plan that shows income, spending, and saving
Earn
To get paid for working
Product
A good or a service
Economic Choice
The decision to buy one thing over another
Profit
The income a business has left after all its costs are paid
Income
All the money a person earns from a job or other places
Service
A job that one person does for another
Supply
The amount of a product that producers want to sell at different prices
Good
Something people make or grow and then sell
Saving
The amount of income that is not spent
Spending
The amount of income a person uses to buy goods and services
Opportunity Cost
What you give up when you choose one thing instead of another
Demand
The amount of goods or a service that people want and can pay for at different prices