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9 Cards in this Set

  • Front
  • Back
export
when a product is made in one country and then brought to another
import
when a propduct is brought in to a country from another country to be sold
interdependence
when two or more things depend on each other
supply
the amount of a product that is available
demand
when you need something someone or something else has
trade
to give something and get something in return
profit
when you buy something to use to fix something and sell it then get all the extra money
competition
to compete for something you would like or need
scarcity
(to be scarce) to have a shortage of something. to be very short on a demand