Economics Vocabulary

Front

money earned by selling goods and services and by collecting taxes

Back

revenue

Front

general increase in prices

Back

inflation

Front

good or service produced within a country and sold outside the country’s borders

Back

export

Front

something that keeps goods and services from entering a country

Back

trade barrier

Front

setting aside money for future use

Back

saving

Front

act of using money in the hopes of making a future profit

Back

investing

Front

organized way for producers and consumers to trade goods and services

Back

market

Front

act of concentrating on a limited number of goods or activities

Back

specialization

Front

exchange of goods and services in a market

Back

trade

Front

removal of trade barriers

Back

free trade