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29 Cards in this Set
- Front
- Back
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basic needs |
food, clothing, and shelter |
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rural area |
is in the countryside, away from cities and towns |
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service |
something one person does for another |
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product |
something that people make or grow, often to sell |
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pictograph |
a graph that uses symbols to show amounts of things |
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bar graph |
a graph that uses bars to show amounts of things |
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Technology |
the use of machines, tools and materials to make products faster and more easily |
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producer |
the people who make a product |
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raw materials |
resources needed to make a product |
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marketing |
planning how to sell a product to the community |
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human resources |
the people who work for a community |
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wages |
the money paid to workers for work done |
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industry |
made up of all of the companies that make the same product or provide the same service |
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flow chart |
shows the steps that must be followed to make or do something |
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consumer |
the person who buys the product or service |
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price |
the amount of money needed to buy a product or service |
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competition |
companies that produce and sell the same products are in _______________ with one another |
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supply |
the amount of a product or service that is to be sold |
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demand |
the need or desire that people have for a product or service |
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advertisement |
the information that a producer provides about his products or services |
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trade off |
in order to buy or do one thing, you have to give up buying or doing something else |
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opportunity costs |
what you give is the _______________ of what you get |
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barter |
trade |
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grid |
a set of lines the same distance apart that cross one another for form boxes |
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international trade |
trade between people in different countries |
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communication links |
machines that let people that are far apart communicate with one another |
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import |
to bring a product or resources into one country from another |
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export |
to send a product or resource from one country to be sold in another country |
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cutaway diagram |
shows the outside and inside of an object at the same time |
