Glossary For Trade Flashcards
(23 cards)
Barter
A way of swopping goods of equal value.
Consumers
People who buy or use things.
Exchange
Give something and receive something in return.
Export goods
Sold to other countries.
Exploitation
Treat people in selfish or unfair way.
Factories
Buildings where raw materials are made into products.
Fair Trade
When you exchange or sell something for a fair price.
Goods
Something people sell or buy.
Imports
Goods brought from other countries.
Labour
Name for work or workers.
Manufactured goods
products made in factories.
Mineral
Natural substance mined from the Earth.
Natural Resources
Things that we use from nature.
Primary Products
Raw materials from nature.
Raw Materials
Things from nature.
Swop
Exchange one thing for another.
Skills
Ability to do certain work.
Services
Actions or activities one performs for another.
Service Jobs
Make and sell goods,goods made to perform a service
Secondary Products
Manufactured Products
Tertiary Products
Final stage of the production line where goods are sold.
Trade
Selling and receiving goods
Value
How much something is worth.
