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Week 2 – Day 1

Week 2 – Day 1. Incentive Something that influences behavior Sentence: Competition Methods used by businesses to gain more customers and earn higher profits Sentence:. Week 2 – Day 2. Barter To trade goods and services without using money Sentence: Standard of Living

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Week 2 – Day 1

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  1. Week 2 – Day 1 Incentive Something that influences behavior Sentence: Competition Methods used by businesses to gain more customers and earn higher profits Sentence:

  2. Week 2 – Day 2 Barter To trade goods and services without using money Sentence: Standard of Living A level of material comfort in everyday life that is measured by the goods and services available to an individual, group, or nation Sentence:

  3. Week 2 – Day 3 Circular Flow Model of an economy showing the interactions between households and businesses as the exchange goods, services, and resources in markets Sentence: Invest To use money to gain a profit Sentence:

  4. Week 2 – Day 4 Economic Systems The way a society organizes the production, consumption and distribution of goods and services Sentence: Interest Payments made for the use of money Sentence:

  5. Week 2 – Day 5 Profit The money a business makes after it pays its production costs Sentence: Loss The money a business loses after it pays its production costs Sentence:

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