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Card 16

Front

The land, labour, capital and enterprise used to produce goods and services.

Back

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Card 17

Front

Something given up when we make a choice.

Back

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Card 18

Front

The expenses and drawbacks of a particular choice.

Back

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Card 19

Front

The quantity of a good or service that consumers are willing and able to purchase at a particular price.

Back

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Card 20

Front

The quantity of a good or service that businesses will offer for sale at a particular price.

Back

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Card 21

Front

When buyers and sellers come together.

Back

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Card 22

Front

The price that buyers and sellers agree on for a particular good or service.

Back

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Card 23

Front

The process of trying to beat others.

Back

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Card 24

Front

An account which interest is tax free

Back

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Card 25

Front

An annual rate which is charged to borrowers or paid to savers.

Back

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