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8 Cards in this Set
- Front
- Back
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export
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When a product produced 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 service
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trade
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the business 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 wealth invested
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competition
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rivalry among individuals in order to acquire more of something that is scare
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