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15y ago

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Which term best describes an economic condition in which money is very accessible?

Easy money


What is Economic society?

The whole society that spend money and earn money for their spesific purposes is called economic society.


What are the economic situations called when money decreases?

Deflation


What is a person who owes money to another person called?

A person who owes money to another person is called a debtor. This term refers to anyone who has borrowed money or is obligated to repay a financial obligation. In contrast, the person or entity to whom the money is owed is called a creditor.


What is the term for the economic condition in which more and more money is required to buy the same quantity of goods?

Inflation


What are the advantages of expenditure?

Provides general information about economic condition. The ability to see how people and governments spend their money.


What is a person that hoards money called?

He/she is called a miser. Misers hoard money as they are poor.


What condition is called budget deficit?

A budget deficit occurs when certain entities spend more money than they take in. This will result in a negative economic growth. An accumulated flow of deficits will result in debts.


What a person who saves and hoards money called?

A person who saves and hoards money is considered a 'miser.'


What is a person who lends money or the use of goods and services for payment at a later date?

A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.


What is the person called that hoards money?

miser


A person who studies money is called?

moneymaker