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40 Cards in this Set

  • Front
  • Back
Producer
someone who makes and sells a product
assembly line
each worker adds one kind of part
human resources
a resource used to make a product
raw materials
workers in factories
capital resources
money to run a business
patent
government paper giving the inventor rights
overhead
money it takes to run a business
wage
money a worker is paid
profit
money left after expenses
opinion
something a person believes
free enterprise
making and selling a service or product
consumer
a person who bus a product
scarcity
shortage or lack of supply
barter
to trade products or services
international trade
trade between countries
import
bring in products or resources from another country
export
send a product or resource to another country
interdependence
depend on one another
latitude
how far north or south a place is
longitude
how far east or west a place is