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13 Cards in this Set
- Front
- Back
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Economy |
The way people make, buy, sell, and use things |
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Goods |
Things people buy or sell |
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Service |
Work that one PERSON does for another |
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Budget |
a plan for using money |
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consumer |
someone who buys goods |
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Scarity |
a lack of goods or servises |
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producer |
someone who makes and sell things |
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product |
something made and sold |
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Demand |
The amount of something consumers are willing to buy from a certain place |
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Supply |
The amount producers will make for a certain price |
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Trade |
the buying and selling of goods and services |
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Export |
to send goods or services to another country to trade or sale |
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import |
to buy goods or services from sellers in other countries |
