RDE Economics Vocabulary

To give a good or service to another in exchange for a different good or service...

• Scarcity

• Barter

• Human Resource

• Import

When there is not enough of something to meet people's needs and wants...

• Need

• Loan

• Trade

• Scarcity

A promise to pay is called...

• Loan

• Profit

• Credit

• Deposit

A person who makes products or provides services is called...

• Consumer

• Human Resource

• Teacher

• Provider

The money a bank gives a person for letting it hold his or her money is called...

• Interest

• Loan

• Gift

• Savings

To use money to buy and sell goods and services...

• Deposit

• Capital Resource

• Trade

• Savings

When there is a lot of something, there is an...

• Export

• Deposit

• Goods

• Abundance

To send products and resources from one country to another country...

• Import

• Export

• Profit

• Save

Something that is needed to produce goods and services...

• Capital Resource

• Local Resource

• Goods

• Scarcity

The money that a person puts in a bank is called...

• Savings

• Loan

• Deposit

• Exspenses