Define the Concepts "Intragenerational Mobility" and "Intergenerational Mobility

question 15

Short Answer

Define the concepts "intragenerational mobility" and "intergenerational mobility."

---

Definitions:

Enjoyment

A feeling of pleasure and satisfaction obtained from various life activities or experiences.

Opportunity Cost

The financial implication of not selecting the following best possibility when faced with a decision.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by borrowers to lenders.

Savings Account

A deposit account held at a bank or other financial institution providing principal security and a modest interest rate.