Consumer Concepts

By jahoulihan

  • CPI

    CPI
    CONSUMER PRICE INDEXmeasures changes in the price level of consumer goods and services purchased by households

  • Goods

    Goods
    goodsthings that satisfy personal needs; food or clothing for direct use

  • service

    service
    what service?the supplying or supplier of utilities such water, electricity, or gas, required or demanded by the public.

  • Interest

    Interest
    interest rateThe fee charged by a lender to a borrower for the use of borrowed money

  • Budget

    Budget
    top ten budgeting tipsthe total amount of money needed for a particular purpose or period of time

  • Inflation

    Inflation
    inflationan increase in the supply of currency or credit relative to the availability of goods and services, resulting in higher prices and a decrease in the purchasing power of money