| A | B |
|---|
| technology | the art of science of applying scientific knowledge to practical problems |
| want | a good or service that people would like to have but can live without |
| economy | the way people in a state, a region, or a country use resources to meet their needs |
| rural | living in a farming area or country life |
| barter | a system of trade in which goods are exchanged instead of money |
| free enterprise system | a system in which businesses have the right to produce any good or provide any service that they want |
| urban | describe a city or a place where many people live and work |
| producer | a person who makes goods or products to sell |
| profit | money left over after the goods and the costs of getting them have been paid for |
| need | something you must have to live |
| consumer | someone who uses goods or services |
| supply | quantity of goods and services available |
| demand | the amount of a product that purchasers are willing to buy at a certain price |
| globablization | the spreading of an idea, product, or technology around the world |
| opportunity cost | the cost of giving up one thing to get another |
| communication | the sending and receiving of information |
| transportation | moving of people and goods from place to place |
| interdependent | people in one region depend on people in other regions to help meet their needs and wants |
