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income. (impulse buying (the buying of goods without planning to do so in…
income.
impulse buying
the buying of goods without planning to do so in advance, as a result of a sudden whim or impulse.
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risks
overtime
risks associate with working overtime are that you might become too tired and that you might not be able to spend as much time with your family
loans
risks associated with taking out bank loans are that you might not be able to pay the bank back which could result in a lower credit rating score
gambling
risks associated with gambling are that you might not have enough money left over to buy needs and wants
capital and current
Examples of current assets include cash, inventory, marketable securities, accounts receivable, prepaid expenses, short-term advances and so on.
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opportunity cost
an example of opportunity cost is if you one euro and had to choose between an ice cream and a chocolate bar and you chose the chocolate bar the opportunity cost is the ice cream
the opportunity cost is if you had a choice between two things the opportunity cost is the thing you didn't buy
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