Local trade and industry vocabulary grade 4

explorations mean?

• travelling out of the country

• buying new goods

• searching something unfamiliar

what is a barrel ?

• a container that holds about 42 gallons

• a bottle used for water

• type of coins

what is petroleum ?

• a kind of perfume

• a renewable resource

• A kind of fossil fuel, used commonly now days

what is crude oil ?

• oil separated in factories

• oil used for frying food

• unrefined form of petroleum

What is an enterprise system?

• a system in which the price and products are decided by the government alone

• a system in which people exchange goods by bartering since they don't use money

• A market system where price and products are decided by people not by government

assembly line is a series of workers and machines.

• true

• false

labor is the money paid for workers

• true

• false

a factory is a building where goods are manufactured.

• true

• false

mass production means producing little amounts of goods.

• true

• false