Vocab Flashcards
1
Q
economic
A
making, buying, or selling something that people need or want
2
Q
basic needs
A
Things people need to survive
3
Q
wants
A
thing
4
Q
goods
A
things you buy
5
Q
services
A
a job a person provides and is paid
6
Q
consumer
A
a person who buys and goods
7
Q
Specialization
A
focus on a single product or service
8
Q
interdependence
A
People dependent on each other
9
Q
trade
A
the process of buying, selling,
10
Q
import
A
to bring into a place or country from
11
Q
export
A
to send to another place (country)
12
Q
trade
A
the process of buying, selling,
13
Q
import
A
to bring into a place or country from
14
Q
export
A
to send to another place (country)
15
Q
economic choice
A
a decision
