Vocab Flashcards
Economic
Making buying or selling something that people need or want
Basic needs
Things people need to survive
Wants
Things people would like to have
Goods
Things you bye
Servicese
A job a person provides and is paid
Consumer
A person who buys and uses goods
Producer
A person who makes good or provide service
Specialist
Focus on a single product or service
Interdependence
People dependent on each other
Barter
Exchanging goods and service without using money
Trade
The process of buying selling or exchanging goods and services
Import
To bring a place or country from another country
Export
To send to another place country
Supply
How much there is of goods and services
Demand
How much the goods and services are needed