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13 Cards in this Set
- Front
- Back
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Economics
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The measurement and quantification of observed or expected relationships and transactions between economic agents
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Inflation
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The decrease of purchasing power- the prices do not grow at the rate of costs
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Present Value
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Knowing how much you need today to apply to an investment in the future
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Operating Income
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A measure of a company's earning power from ongoing operations, equal to earnings before deduction of interest payments and income taxes. also called operating profit or EBIT (earnings before interest and taxes).
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Demand
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The amount wanted or needed
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Future Value
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How much the investment will be worth in the future
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Depreciation
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The loss of reduced productivity of a resource
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Interest
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The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate.
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Supply
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The quantity the owner is willing to make available
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economic impact
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The declaration of economic benefits that will be realized in the community
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Economic Agents
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all those who trade or barter for services or products
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Principal
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The amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest). here also called principal amount.
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Gross Margin
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Gross income divided by net sales, expressed as a percentage. Gross margins reveal how much a company earns taking into consideration the costs that it incurs for producing its products and/or services.
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