The social science that studies the choices businesses, governments, and individuals make and the use of scared resources to satisfy unlimited human wants.

A collection of markets and exchanges where regular activities of buying, selling, and issuance of shares of publicly-held companies take place.

To require (something) because it is essential or very important rather than just desirable.

To have a desire to possess or do (something); wish for.

Activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a book, a digital video game or a digital movie.

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

An amount of money lost by a business or organization.

Is the process used to measure the benefits of a decision or taking action minus the costs associated with taking that action. A CBA involves measurable financial metrics such as revenue earned or costs saved as a result of the decision to pursue a project.

Refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Means to spread the product throughout the marketplace such that a large number of people can buy it.

Spending for acquisition, is a major concept in economics and is also studied in many other social sciences. It is seen in contrast to investing, which is spending for acquisition of future income.

Often described as the needs and wants of people are endless, whilst the resources available to satisfy needs and wants are limited.

The money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative.

The four factors of production are?

This is the amount of environment necessary to produce the goods and services necessary to support a particular lifestyle. It tells us how much land and water are used to produce the goods and services we consume.

There is no fee when an order is placed but when that order is filled and a trade occurs the stockbroker will charge a fee – this is their fee for buying and selling the shares.

The act of requesting to buy shares on the stock exchange.

When you specify the maximum price you are prepared to pay for shares if buying or the lowest price you are prepared to accept if selling.

Simply means to invest in different companies and/or different industry sectors that don’t tend to move in the same direction at the same time.

The Australian Stock Market is otherwise known as what?

The top 200 Australian companies listed on the stock market are called what?

Buying a part-ownership in a company and the income is earned when a company's capital is divided, entitling the holder to a proportion of the profits.

Money put aside by your employer during your working life for you to live on when you retire from work. You can only withdraw your super money in certain circumstances

A sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves).

What doesn't the "Share Price Index" measure?

CLUE: It measures how the value of the stocks in the index is changing.

Money that has been set aside in a dedicated bank account, over a set period of time.