SS Economics Vocab

Front

in short supply; a shortage

Back

scarcity

Front

Make something available; provide

Back

supply

Front

Consumer desire

Back

demand

Front

Bring goods/services into a country to sell

Back

import

Front

Send goods/services to another country.

Back

Export

Front

Wealth and resources of a country, focusing on production and consumption of goods and services.

Back

economy

Front

A farm or organization owned and run by its members, sharing profits.

Back

cooperative

Front

Farming, including soil cultivation for crops and rearing animals for food, wool, and other products.

Back

Agriculture

Front

A company or group authorized to act as a single entity in law; a business.

Back

corporation

Front

Weather conditions in an area over time

Back

climate