Business Foundations (Economics Review)

Barter

• items produced and sold

• to exchange

• people in the workforce

• acts that are valuable to consumers

the amount of a good that producers are willing to sell at a given price

• demand

• barter

• GDP

• supply

tools, plants, and equipment used to produce stuff

• capital

• labor

• export

• import

items produced and sold

• services

• import

• goods

• capital

the amount of a product that buyers are willing to buy at a given price

• supply

• demand

• labor

• capital

acts that are valuable to consumers

• goods

• barter

• cost of living

• services

the level of prices

• GDP

• Cost of Living

• Goods

• Capital

total goods and services in a certain period of time

• supply

• demand

• GDP (Gross Domestic Product)

• Export

people in the workforce

• labor

• capital

• export

• supply

something brought into the country from another country to sell

• exports

• supply

• imports

• labor