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Mrs. G's Unit 4 SS
Question | Answer |
---|---|
consumer | person who buys a product or a service |
service | something one person does for another |
rural | out in the countryside; away from cities |
technology | machines, tools, and materials that make things easier and faster |
wage | money paid for work |
raw materials | resources needed to make a product |
competition | when different companies make and sell the same product |
import | to bring a product or resource into one country from another country |
international trade | trade between different countries |
human resources | the people who work |
producers | the people who make the products |
demand | the wish for a product or service |
export | to send a product or resource of one country to another country |
supply | the amount of a product or service there is to be sold |
division of labor | breaking down a job into smaller parts where each person does one part of the task |