Glossary Terms:

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

To buy and use a good or service.

To invest in a variety of stocks, bonds, money market accounts, etc., in order to spread risk.

The study of how people, firms and societies choose to allocate scarce resources with alternative uses.

Stock, both common and preferred. Also, the value of mortgaged property after accounting for charges against it or money owed.

Trading a good or service for another good or service, or for money.

Tangible objects that satisfy economic wants.

The process of putting money someplace with the intention of making a financial gain. Investment possibilities include stocks, bonds, mutual funds, real estate, and other financial instruments or ventures.

Places, institutions or technological arrangements where or by means of which goods or services are exchanged. Also, the set of all sale and purchase transactions that affect the price of some good or service.

Anything that is generally accepted as final payment for goods and services; serves as a medium of exchange, a store of value and a standard of value. Characteristics of money are portability, stability in value, uniformity, durability and acceptance.

An electronic marketplace enabling buyers and sellers to get together via computer and hundreds of thousands of miles of high-speed data lines to trade stocks. NASDAQ used to be the acronym for National Association of Securities Dealers Automated Quotation System.

The oldest stock exchange in the United States, founded in 1792.

A person's or an institution's collection of savings and investments.

The amount of money that people pay when they buy a good or service; the amount they receive when they sell a good or service.

Earnings from an investment, usually expressed as an annual percentage.

Activities performed by people, firms or government agencies to satisfy economic wants.

An ownership share or shares of ownership in a corporation.

A market in which the public trades stock that someone already owns; the buying and selling of stock.