vocabulary part 2 Flashcards
study vocabulary (12 cards)
1
Q
Productive capacity
A
Maximum output possible
2
Q
Productive resources
A
resources used to make goods and services
3
Q
Division of Labor
A
The way work tasks are separated
4
Q
Specialization
A
The concentration on fewer kinds of goods or services than are consumed by a country
5
Q
Interdependence
A
the reliance on other people or religions,or a country’s for goods are services to trade.
6
Q
export
A
goods sold or shipped to another country
7
Q
import
A
goods bought in by another country by shipping
8
Q
market
A
system of trade
9
Q
global economy
A
is where countries buy or sell goods or sevices
10
Q
trading partners
A
country that trade with each other or trading partners
11
Q
financial sicurity
A
studying more in your educatioanal study
12
Q
A
