Economics Vocab - Part 2

Front

Amount a company can produce with a certain labor

Back

Productivity

Front

Ability to focus on a single task

Back

Specialization

Front

Separation of a work process into different jobs

Back

Division of Labor

Front

Goods shipped to another country for sale

Back

Exports

Front

Goods brought from another country to sell

Back

Imports

Front

New inventions or ways of doing things

Back

Innovations

Front

Extra money a bank pays for keeping funds.

Back

Interest

Front

Public notices to promote a product or service

Back

Advertising

Front

Things that encourage action, like making a purchase

Back

Incentive

Front

A person or company that makes goods or services to sell.

Back

Producer