| A | B |
|---|
| barter | direct trading |
| capital resources | goods made by people |
| consumers | people that use goods and services |
| demand | the schedule of how much a consumer is willing to pay. |
| economic choice | personal decision to use LIMITED resources |
| economics | the study of how people use resources to produce and distribute goods |
| entrepreneurship | the humans that assume the risk of organizing other resources to produce goods and services. |
| exchange | the trading of goods and services |
| exports | goods and servicesproducedin one country and sold to another country |
| goods | are objects that satisfy people's wants |
| imports | are goods and services bought from sellers in another country |
| inflation | an increase in the average price of goods |
| internaional trade | exchange of goods and services between countries |
| market | a setting for the exchange of goods andservices |
