Unit 1 Choices and Consequences

Anything that you can hold or touch (may be edible too)

Not enough resources to produce or purchase all the goods and services that people want or need

An ability to do something well, especially because of repeated training or proactice

Unable to pay debts, broke

Deliberate deception(lies) or trickery used for unfair or illegal advantage

resources provided by nature

Something that happens as a result of a particular action or set of conditions

What you give up in order to purchase something else.

The way work tasks are divided to get a job done efficiently

The state of having a secure job and steady income in order to provide for your needs

Someone who creates goods or provides services

Debt

A Willingness to work hard

A monthly amount of money paid to a bank to repay a house debt.

The immediate results of the choices a person makes

Future Consequence

Money that is earned from work or investments

Service

a guarantee of protection against certain misfortunes that is provided by a company in return for payment of a fee

The amount of money available or desinated for a certain period or purpose

What you gain as a result of a decision you make

The worldwide market where countries buy and sell goods and services.

What you know

Human made materials needed to produce goods and services(buildings, tools, equipment, etc)

To put (money or property) into use with the intention of gaining profit or interest

Materials and labor used to create goods and services.

Bankrupt

Career

The talents and skills of people that contribute to the production of goods and services

The amount charged or paid for something

Someone who buys goods or services.