Vocabe Words Flashcards
1
Q
economics
A
making,buying, or selling something that people want or need
2
Q
basic needs
A
things people need to survive
3
Q
wants
A
things people would like to have
4
Q
consumer
A
a person who buys and uses goods
5
Q
goods
A
things you buy
6
Q
services
A
a job a person provides and gets is paid for
7
Q
producer
A
a person who makes goods or provides services
8
Q
specialization
A
focus on a single product or service
9
Q
interdependence
A
people dependent on each other
10
Q
barter (trade)
A
exchanging goods and services without using money
11
Q
import
A
to bring into a place or country from another country
12
Q
export
A
to send to another place (country)
13
Q
supply
A
how much there is of goods and services
14
Q
demand
A
how much the goods and services are needed
15
Q
economic choice
A
a decision to buy one thing and not another
