Debt, Credit and year 9 Economics

An arrangement to borrow money and repay it later

The amount owed by a borrower to the lender

A legal arrangement to buy property

Money owed that does not improve financial situation

Increase your net worth

Borrow money now and repay it later

Buy property with a bank loan

Owe money that does not improve your financial situation

A type of bad debt

An arrangement to borrow money and repay it later

A legal arrangement to buy property with a bank loan

Money owed by a borrower to the lender

Credit card debt

Car loans

Study loans or a home loan/mortgage

Money owed that does not improve financial situation

Debt that increases your net worth

Money owed that does not improve your financial situation

An arrangement to borrow money and repay it later

A legal arrangement to buy property

Mortgages for family homes

Car loans

Study loans

Credit cards

Mortgages

Loans for investment properties

Star Wars Merchandise

Credit cards

Anything that places a firm in a better position than its competitors.

A strategy to increase employee salaries.

A method to reduce product quality.

A way to increase production costs.

Cost leadership

Employee dissatisfaction

Increased production time

Higher product prices

Providing a product at a lower price than the competition

Increasing the cost of production

Reducing product quality

Offering fewer product options