Vocabulary Words Flashcards

Front

Contract

Back

A formal agreement between parties that outlines specific terms and conditions.

Front

Negotiation

Back

The process of discussing and reaching an agreement on terms.

Front

Trade

Back

Engaging with one another to obtain goods that are not available domestically.

Front

Displacement

Back

Occurs when a large number of people are forced to leave their homes due to war or natural disasters.

Front

Conflict

Back

Can arise when two or more parties have differing interests or goals.

Front

Resource

Back

Natural materials, such as water and minerals, considered valuable for any economy.

Front

Exploit

Back

Some companies may exploit their workers by paying low wages and providing poor working conditions.

Front

Cultural Exchange

Back

Can enrich societies by allowing the sharing of traditions, food, and ideas between different cultures.