Economic Terms

money a company has left over after subtracting the costs of doing business

• Export

• Import

• Productivity

• Profit

amount of goods or services that is available for use

• Demand

• Supply

• Economy

• Import

desire for a particular good or service

• Demand

• Supply

• Trade

• Tariff

economy in which individual consumers and producers make all economic decisions

• Market Economy

• Command Economy

• Traditional Economy

• Mixed Economy

study of how people meet their wants and needs

• Geography

• Economics

• Export

• Tariff

good or service sold within a country that is produced in another country

• Export

• Tariff

• Trade Barrier

• Import

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

• Import

• Trade

• Tariff

• Export

place where people do particular kinds of work

• Economy

• Profit

• Economic Region

• Trade Barrier

total value of all goods and services produced in a country in a year

• Profit

• Economic Region

• Import

• Gross Domestic Product

amount of goods and services produced given the amount of resources used

• Productivity

• Profit

• Supply

• Demand