Unlock 3 Cambridge - Unit 8 Economics Vocabulary

What term refers to a person who buys goods or services for personal use?

• consumer

• shopper

• buyer

• purchaser

What is the term for the total amount of money that a person or organization receives over a period of time?

• revenue

• savings

• profit

• income

What is the term for the rate at which interest is paid by a borrower for the use of money?

• capital cost

• loan rate

• borrowing fee

• interest rate

What is the term for the action or process of investing money for profit?

• saving

• investment

• spending

• borrowing

What is the term for a person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit?

• Investor

• Donor

• Lender

• Borrower

What is the term for a place where goods are bought and sold?

• library

• store

• restaurant

• market

What is the term for a place where shares of publicly listed companies are bought and sold?

• library

• store

• restaurant

• stock market

What is the term for the process of borrowing money to purchase goods or services with the promise of paying it back later?

• investment

• loan

• credit

• debt

What do we call the desire of purchasers to own something combined with the ability to pay for it?

• Supply

• Economy

• Interest rate

• Demand

Which term describes the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services?

• Market

• Economy

• Employment

• Financial