vocab

chapter 1:
decision-choose one option over another.
impulsive-inclined act without thinking.
chapter 2:
economics- the study of how people produce, distribute, and use goods and services.
utility- things that make you happy.
chapter 3:
bartered: to get things they needed or wanted.
marginal cost- additional cost of purchasing that extra unit.
chapter 4:
credit union-a basic banking services.
retail banks-offer basic banking services.
chapter 5:
debt- money that you borrowed and owe.
creditor-if you loan money.
chapter 6:
income- amount of money a person makes.
factor payments-money that is return for supplying.

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