Unit 5 S.S. Economics Personal Finance

Front

consumer

Back

a person or organization that uses a commodity or service

Front

credit

Back

an agreement to entrust a buyer with goods or services without immediate payment, based on confidence in the buyer’s ability and intention to pay

Front

currency

Back

something that is used as a medium of exchange or for money

Front

debt

Back

something that is owed or that one is bound to pay to another

Front

demand

Back

to ask for with proper authority; claim as a right

Front

Division of Labor

Back

a production process in which a worker or group of workers is assigned a specialized task in order to increase efficiency

Front

economics

Back

considerations on how something will be paid for

Front

goods

Back

the things that a customer can order and a company can deliver

Front

interest

Back

a sum paid or charged for the use of money or for borrowing money

Front

needs

Back

something that must be in place for task completion or success