PF Vocab 1

consumer

• a person that consumes

• a person who purchases goods and services for personal use

• a person that likes costumes

• a person that is addicted to online purchases

income

• when you come into a building.

• money that is printed in Washington, D.C.

• money received, especially on a regular basis, for work or through investments.

• when you lose a bet.

discretionary income

• income that is not hard to find.

• income you get from others.

• money that is left after taxes are paid.

• money that is left over after all your bills are paid.

goals

• An observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe.

• place to score points.

• where posts go.

• getting work done.

consumer purchases

• items that are purchased by others for you.

• items used in daily living (e.g., clothing, food, electronics, appliances).

• items that we are given.

• items we do not need.

opportunity cost

• how much we spent on an item.

• buying something when the opportunity is there.

• the loss of potential gain from other alternatives when one alternative is chosen.

• when opportunity knocks open the door.

A person who purchases goods and services for personal use.

• opportunity cost

• goals 

• income

• consumer

Money received, especially on a regular basis, for work or through investments.

• income 

• opportunity cost

• goal

• consumer

What is left over after all your bills are paid.

• an empty wallet

• discretionary income

• disciplinary income

• disposable income

An observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe.

• hypothesis

• fact

• goal

• goods