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Flashcards in Economics Deck (18)
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1
Q

Barter

A

When businesses trade their products of services to get things they want or need

2
Q

Economy

A

The management of resources of a country

3
Q

Want

A

Something a person would like to have,but can live without

4
Q

Need

A

Something a person must have to live

5
Q

Producer

A

A person who makes goods to sell

6
Q

Consumer

A

A person who’s buys goods or services

7
Q

Transportation

A

The movement of goods, people or animals from one place to another

8
Q

Globalization

A

Process in which a businesses make something or provides services all around the world

9
Q

Profit

A

The money a business has left over after the bills,are paid

10
Q

Technology

A

Development a of,scientific knowledge to,solve problems

11
Q

Communication

A

A way to convey or deliver a message to another person or,business

12
Q

Opportunity

A

Cost-something you give up in order to have something you want

13
Q

Demand

A

When some one wants a product

14
Q

Urban

A

An area within a city

15
Q

Raul

A

An area out in the city

16
Q

Interdependent

A

When people demand on each other for food good services and resources

17
Q

Free enterprise system

A

When businesses decide what goods to make or services,and resources

18
Q

Supply

A

The amount of product a business has