Terms and Concepts

The amount of items or services that people are willing to buy

• Tariff

• Currency

• Demand

• Import

Money

• Entrepreneur

• Goods

• Import

• Currency

The study of how people produce,distribute and consume things to meet their needs and wants

• Import

• Economics

• Natural resource

• Entrepreneur

Someone who starts their own business

• Services

• Interdependence

• Entrepreneur

• Export

Send (goods or services) to another country for sale

• Export

• Interdependence

• Economics

• Currency

Items that people make use or sell

• Interdependence

• Export

• Goods

• Tariff

When you bring (goods or services) into a country from another

• Tariff

• Scarcity

• Export

• Import

The business that provide a particular product or service

• Industry

• Export

• Economics

• Goods

When you rely on someone a lot

• Export

• Scarcity

• Interdependence

• Import

Something important from nature

• Economics

• Natural resource

• Economics

• Interdependence