job | | the exchanges of goods and services WITHOUT money |
income | | not being able to meet all the wants at the same time |
needs | | to make something in a factory |
wants | | the amount of items available |
goods | | goods people use to do their jobs ex. hammers, trucks, ships |
services | | things people make or grow to sell, for example food, clothing, candy |
producers | | to sell and send goods to other countries-think "ex" "exit" out of the country |
consumer | | money people earn from working, for example paycheck |
factory | | things you must have to live |
manufacture | | people working to make things or help others, for example farmers, painters, builders |
trade | | things you like, nut can live without |
barter | | people who make or grow a product or provide a service, for example doctor, salesman, baker |
import | | the amount of items wanted |
export | | the work some does to earn an income |
human resources | | a building where people work to make goods |
natural resources | | "customer", people who buy the goods and use services |
captial resources | | the exchange of money for goods and services |
supply | | to buy things from another country-think "im" "in" |
demand | | work done by someone to help others, for example cutting hair, fixing a car |
scarcity | | materials that come from the earth-think "nature", ex. woods, water, clay |