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WorksheetsDecision Making and Shopping vocab
Total questions: 16
Worksheet time: 8mins
Values
Includes careful consideration and evaluation of a product's features, price and quality.
A type of a major decision
Something that is desirable, worthwhile and important
What you have to give up in order to get something
Needs
Exchange a good or service for another good or service
something necessary or required for life
the state of being happy, healthy and prosperous
have a long-term effect of someone's life
Wants
something unnecessary but desired
items that you buy or barter for in order to meet your needs
people that use or consume goods and services
are made on a day-to-day basis
Comparison Shopping
something unnecessary but desired
those that make or provide goods and services for others
have long-term effects on a person's life
Includes careful consideration and evaluation of a product's features, price and quality
Impulse Buying
A choice that is made about things that affect a person's life
Quickly buying something without comparing or considering the consequences
What you have to give up in order to get something
Exchange a good or service for another good or service
Decision
A choice that is made about something that affects a person's life
People that use or consume goods and services
An action or type of work that you pay for that benefits someone else
The state of being happy, healthy and prosperous.
Major
What you have to give up in order to get something.
Exchange a good or service for another good or service
Have long-term effects on a person's life
Items that you buy or barter for in order to meet your needs
Routine
The state of being happy, healthy and prosperous
Are made on a day-to-day basis
Those that make or provide goods or services for others
Something unnecessary but desired
Financial Decision
A choice that is made about things that affect a person's life
Something that is desirable, worthwhile and important
A type of major decision
State of Well Being
The state of being happy, healthy and prosperous
Are made on a day-to-day basis
Something necessary or required for life
Quickly buying something without comparing or considering the consequences
Opportunity Cost
A type of major decision
What you have to give up in order to get something
Are made on a day-to-day basis
A type of major decision
Producer
Those that make or provide goods or services for others
A choice that is made about things that affect a person's life
Have a long-term effect on a person's life
Exchange a good or service for another good or service
Consumer
The state of being happy, healthy and prosperous
Something unnecessary but desired
People that use or consume goods or services
An action or type of work that you pay for that benefits someone else
Goods
A choice that is made about things that effect a person's life
Quickly buying something without comparing or considering the consequences
Are made on a day-to-day basis
Items that you buy or barter for in order to meet your needs
Services
What you have to give up in order to get something else
An action or type of work that you pay for that benefits someone else
A type of major decision
Exchange a good or service for another good or service
Barter
People that use or consume goods or services
Those that make or provide goods or services for others
A type of major decision
Exchange a good or service for another good or service
