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Economic Activity

Key vocabulary to support teaching economy and trade.

TermDefinition
Crops A plant that is grown on a large scale e.g. fruit, vegetable or cereal.
Customers People who buy goods and services.
Demand The need for particular goods or services.
Economic Activity Jobs or industry that earn someone or a company money.
Employment A job which earns someone a wage.
Export Sending goods or services to another country for sale.
Factory A building or group of buildings containing a plant assembly for the manufacture of goods.
Fair Trade A trade agreement where fair prices are paid to the producers.
Farm A tract of land, usually with house and buildings, cultivated as a unit or used to rear livestock.
Import Bring goods or services into a country from abroad for sale.
Jobs A paid position of regular employment.
Supply Amount of goods that can be provided.
Trade The act or instance of buying and selling goods and services.
Wages An amount of money that is paid.
Created by: MJParker
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