| A | B |
|---|
| producer | person who makes goods or products to sell |
| barter | trading one kind of good or service for another |
| opportunity cost | what is given up when one thing is chosen over another |
| urban | in the city |
| rural | in smalll towns or farms |
| consumer | person who buys goods and services |
| supply | amount of an item someone has to sell |
| free enterprise system | business having the right to produces goods and services that they want |
| demand | amount of an item that consumers are willing to buy at any price |
| interdependent | when regions rely on each other |
| globalization | business that provides services or produces goods in different places in the world |
| technology | the development and use of scientific knowledge |
| transportation | moving of goods, people, or animals |
| communication | way people send and receive info |
| need | must have to live |
| want | something a person would like to have but can live without |
| economy | the way in which a country, state, etc. manage resources |
| profit | money left over after costs are paid |
