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Economics Word Study

AB
interdependencedepending on others
scarcitylittle or nothing; unlimited wants for limited resources
debtsomething owed to another person or business
profitmoney left over after all your expenses have been paid
importto bring goods in from another country for sale
exportto send goods to another country for sale
goods vs. servicesanything that is bought or sold vs. a job that provides help for people
wagesan hourly, daily, or weekly payment for services, salary
mass production/assembly lineto manufacture or produce goods or articles in great numbers by machine
manufactureto produce goods by hand or machine
interestextra payment made when you borrow money
technologyideas, tools, machines, and materials that make life easier and better
natural resourcessomething that is provided by nature and is useful to people (not made by man)


Yorktown Heights, NY

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