Economics Vocabulary

Front

These are what we must have to survive?

Back

needs

Front

Making a good or providing a service.

Back

producer

Front

When companies or countries rely on each other for resources/ trade.

Back

interdependence

Front

When a person, company, or country does a job very well.

Back

specialization

Front

To bring in items or resources.

Back

import

Front

How much you have of a product/ resource.

Back

supply

Front

When countries around the world trade with each other.

Back

international trade

Front

A job giving a haircut, a waiter, or a repair person.

Back

service

Front

We use these products for fun and entertainment.

Back

wants

Front

Buyers of goods or services.

Back

consumer