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9 Cards in this Set
- Front
- Back
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Export
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When a product in one country is then shipped to another country to be sold.
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Import
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When a product is brought in from another country to be sold.
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Interdependence
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When two or more things depend on each other.
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Supply
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The amount of a product that is available.
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Demand
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The need for a product or a service.
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Trade
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The buisness of buying and selling goods and services.
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Profit
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The excess of income over all costs , including the interest cost of the welth invested.
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competition
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Rivalry among individules in order to acquire more of something that is scarce.
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Scarcity
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(Scarce) Not enough of something, shortage.
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