Hass test revision

Market

A place where buyers and sellers come together in order to exchange goods

Consumer

A person who buys goods and services to satisfy their needs and wants

Producer

A person who creates goods and services

Supply

The amount of a good or service that the produce is able and willing to sell at a given price

Demand

The amount of a good or service that consumers wish to buy at a given pirce

Surplus

When supply exceeds demand

Shortage

When demand exceeds supply

Equilibrium

Where demand and supply intersect, to create and optimal middle point

Income

amount of money earned

Expenses

Amount of money spent

Sustainability report

A report about an organizations environmental and social performance

Financial Sector

Sector that is responsible for lending money, housing and personal loans