Basic Economic Terms

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Barter

Back

To trade things with someone without using money.

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Economy

Back

The way people make, spend, and trade money or things in a place.

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Goods

Back

Things that people make or sell, like food, clothes, or toys.

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Pelts

Back

The skin and fur of an animal.

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Service

Back

Work that someone does to help others, like fixing a car or cutting hair.