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20 Cards in this Set

  • Front
  • Back
Basic Needs
food, clothing, shelter
Service
something one person does for another
Technology
using machines, tools, and materials to make products faster
Producers
the people who make a product
Raw materials
the resources needed to make a product
Marketing
planning how to sell a product
Human Resources
the people who work for a company
Wages
the money a worker is paid
Industry
companies that make the same product or provide the same service
Consumer
a person who buys a product or service
Product
something that people make or grow, often to sell
Price
the amount of money needed to buy a product or service
Competition
the result of companies producing and selling the same product
Supply
the amount of a product or service there is to be sold
Demand
the need or disire that people have for a product or service
Advertisement
information a producer provides about a product or service
International Trade
trade between countries
Communication Links
machines that allow people who are far apart to communicate with each other
Import
to bring a product or resource into one country from another
Export
to send a product or resource from one country to another