Consumers
A Consumer who meets their own demands by producing their own goods.
Direct Consumer
Someone who works for an employer. By providing a service they earn a wage.
Employee
An organisation of workers who are responsible for representing and supporting the rights of workers.
A Trade Union
Transactions which are completed through online channels.
E-Commerce
The sector where resources are extracted directly from the earth/ nature.
Primary Sector
A consumer who meets their needs by exchanging goods they have produced with another producer.
Consumer by exchange
Someone who provides the opportunity for someone to work and earn a wage by providing a position of employment.
Employer.
The term given when an employee reports that a colleague or employer has done something wrong that impacts other people.
What is 'Whistleblowing'
The trend of purchasing clothing which does not last long and is highly replaceable.
Fast Fashion
Money allows us to pay for goods and services because it is accepted by everyone in our economy in exchange for goods and services.
Medium of exchange
Consumers who buy products and goods to meet their needs using an exchange of money.
Modern Consumers
Something you are morally or legally entitled to have or do something.
Rights
The Sector of the economy which includes all consumers.
The household sector.
The process of borrowing money from a bank
A loan/lending.
A function of money that allows us to determine the value of things
Measure of value
A duty or obligation to do something. In a workplace, this could be the responsibility to keep other colleagues safe.
Responsibility
The Process of counting expenses and income to ensure someone is able to save money.
A Budget
What is good debt?
Debt which you have which may/ will allow you to make a profit in the future.
What is creditworthiness?
Creditworthiness refers to how much a bank is likely to trust you with a loan.
Something you pay for often which acts as protection against incidents which may occur. Can be used on a house, car, phone or travel.
Insurance