Economy

Want

• People who buy things

• People who make things

• something desired but not necessary

• something necessary

Need

• People who buy things

• People who make things

• something desired but not necessary

• something necessary

Consumer

• People who buy things

• People who make things

• something desired but not necessary

• something necessary

Producer

• People who buy things

• People who make things

• something desired but not necessary

• something necessary

Export

• the lack of a resource

• to send something for sale to another country

• something desired but not necessary

• something necessary

Import

• the lack of a resource

• to bring goods into a country from another country

• something desired but not necessary

• something necessary

Supply

• the lack of a resource

• How much of something to make

• something desired but not necessary

• something necessary

Demand

• the lack of a resource

• the amount of a product people want to buy

• something desired but not necessary

• something necessary

Goods

• the lack of a resource

• things that are made or grown and then sold

• something desired but not necessary

• something necessary

The definition of TRADE is __________________.

• Importing goods
• to buy or sell goods or services
• Exporting goods