Glossary Terms:

Monetary or non-monetary gain received because of an action taken or a decision made.

A process of examining the advantages (benefits) and disadvantages (costs) of each available alternative in arriving at a decision.

An amount that must be paid or spent to buy or obtain something. The effort, loss or sacrifice necessary to achieve or obtain something.

An increase in real output as measured by real GDP or per capita real GDP.

Money paid regularly, at a particular rate, for the use of borrowed money.

To keep money for future use; to divert money from current spending to a savings account or another form of investment.