Terms
Crops that are specifically grown to sell for a profit
Cash-crop agriculture
Crops are grown on a __________________
Plantation
The act of buying, selling, or exchanging goods or services.
Trade
If Meredith buys a watch from me for $10 but I had to pay $2 in shipping, $8 is my _____________
Profit
The money left over from revenue after taxes/expenses are taken out.
Profit
I _____________ sascha green pencil in exchnage for a blue pencil
Traded
The way people make money
Economy
Because I grow cotton, wheat, and corn and sell it instead of keeping it for myself I am producing ___________________________
Cash-crop agriculture
The income generated from the sale of a good or service
Revenue
_________________ is an economic system where a country exports more than it imports. It does this to gain wealth
Mercantilism
The profit from the sale of a good or service at prices above those paid by the merchant
Commercial Profit
Commercial Profit
A system in which a country tries to gain wealth through trade with other countries. The country exports more than it imports.
Mercantilism
Fishing, Shipping, and ranching are all apart of Texas's ____________________
Economy
An estate where crops are grown and harvested by resident laborers
Plantation
I got to dollar tree and buy sticky notes. The price comes out to $1.05. $1.05 is Dollar Tree's __________________
Revenue
Growth of land used for agriculture (farming) as a direct consequence of overpopulation
Agricultural Expansion
____________________ was needed becasue there were too many people and not enough food.
Agricultural Expansion
Provide safe anchorage and allow for the easy transfer of cargo and passengers between the ship and shore
National Harbor
Because there was a ____________________ it was easy for my to get my goods off the ship
National Harbor