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History T-CAP

Things that are need to know on T-CAPS

Import To buy good from another country
Export To trade good to other countries
Barter System Goods and services are traded to and from other goods and services
Tariffs Tax added to the value of goods that are imported
Supply and Demand Describes the interaction in themarkey of a good between producers and consumers
Inflation Overall increase in the price of goods across the econony
Renuable Resource resources that can be used over again or wil never run out
Nonrenuable Resource Recources that can be used up at one point or are not replacable, cannot use again
Erosion the process of wearing away caused my wind, water, or glacial ice
Currents moving streams of water in the worlds oceans, with affect the climate of land areas
Created by: lillylollie