Business
Entrepreneur
Someone who starts and develops a business
Currency
Money
Export
To send goods out of your country and sell them to another country. The country that is exporting a good has more of that item than they need
Import
To bring goods another country the country that is importing the don't have enough of that item
Trade
The business of buying and selling items
Economics
The study of how people produce, distribute, and costume things to meet there needs and wants
Demand
The amount of items or services that people are willing to buy
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Like a Blueberry
Goods
Items that people make use or sell
Scarcity
When there is not enough of something to meet other peoples needs or wants
Interdependence
To depend on rely on one another
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Industry
The business that provide a particular product or service
Tariff
Taxes placed on imports
Natural Resource
Something from nature that can be used and is valuable to people
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Im chilling
Services
Labor (work) that people do for others
Inflation
Inflation is a rise in prices, measured over a certain amount of time, you can buy fewer things with the same amount of money
Supply
The amount of goods and services available
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