A person who acquires goods or services for his or her own personal needs.

An economic system in which investment in and ownership of the means of productions, distribution, and exchange of wealth is made and maintained by private individual.

An economic term referring to the total satisfaction received from consuming a good or service.

Relative worth, merit, or importance.

Commodities, or services used to produce goods.

A person who works in or studies the field of economics.

Goods that are themselves utilized in the production of other goods rather than being sold to consumers.

The providing of accommodation and activities required by the public, such as maintenance or repair.

A product that can be used to satisfy a need or desire and is of value.

The ability to provide, and thrive without the need for help from others financially.

An individual who starts his/her own business.

A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date.

Group of individual who make up the workforce of an organization.

A current medium of exchange in forms of coins or banknotes.

The absence of one resource, limiting its use.

An individual who buys or sells securities on a stock exchange, for a client.

A productive asset such as equipment, inventory, and plant, that (unlike a natural resource) is man-made and employed in generation of income.

An economic model of price determination in a market. The consumer;s need quantity with pay for the business's price to make that quantity, though equilibrium and price and quantity.

A stock or supply of money, materials, staff and other assets. Can be used for currency, support or help.

An act of giving something, and receiving another. Can be used in speaking about a good or currency.

Someone who studies money and the collection of currency.

A speculation of the cost of effectiveness of different alternatives in order to see whether the benefit weight the cost.

A situation that involves losing on quality or aspect of something in return of gaining another.

The loss of potential gain from other alternatives when on alternative is chosen.

An economic measure of the difference between the amount that a producer of a good receives and the minimum amount he/she would accept for the good. The difference is this if the consumer doesn't buy the good,