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assets;what someone owns

liabilites;what what someone owes

balance sheet;statement of finanicial position

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Amelia Bingham

Lvl 7
βˆ™ 4y ago
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Amelia Bingham

Lvl 7
βˆ™ 4y ago

Financial plaanning: a strategy to save for finanical goals

opportunity cost: the best alternative given up when making a certain dectision

risk aversion:reluctance for taking chances

utility:personal satisfaction gained from consumption

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Haven

Lvl 7
βˆ™ 5mo ago

Absolute advantage - The ability to produce more cheaply

Comparative advantage - The existence of lower opportunity costs than competitors

Opportunity cost - The best alternative given up by a particular product decision

Protectionism - The existence of barriers to free-flowing trade

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Alexander Gonzalez

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βˆ™ 2y ago

big chungus

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Jordyn Mayo

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βˆ™ 2y ago

radius

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Q: Match each term with its correct definition.?
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