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PBF 1.02 Vocabulary

AB
BondÓA long-term loan usually used to raise funds
Certificate of Deposit (CD)ÓA type of savings account maintained by banks and other depository institutions that pays higher interest rates than regular savings accounts
CapitalÓEquipment
ConsumerÓOne who purchases goods and services for direct use or ownership
Consumer TrendsÓThe general purchasing habits of a majority of consumers
ConsumptionÓValue of goods and services purchased by consumers.Ó
DeflationÓA general decline in prices.Ò
DepreciationÓDecline in the value of capital attributable to use and time.Ó
DepressionÓUnemployment rate is high and demand for products and services is lowering.Ó
EarningsÓIncome received by labor for its contribution to production. It consists of wages
EconomyÓThe organized system of production
Economic GrowthÓAn increase in an economy's capacity to produce goods and services
Economic inputsÓInputs to the production process that makes goods and services.Ó
Economic OutputÓThe value of final goods and services produced. GDP is a common measure of economic output.Ó
ElasticityÓThe ability of a thing to return to its original shape after it has been stretched or compressed.Ó


CTE - Marketing
Jordan Mathews High School
NC

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