products brought into the country

products shipped out of the country

trading with each other(no money)

not trading with other countries

typically a poor country that is starting to trade with other countries and become more industrialized

how many people want that product

short depression-not many jobs available

people are out of work for a long time. The country is suffering.

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Economics

Term	Definition
import	products brought into the country
export	products shipped out of the country
barter system	trading with each other(no money)
tariff	tax
closed market	not trading with other countries
emerging market	typically a poor country that is starting to trade with other countries and become more industrialized
supply	how much of the product
demand	how many people want that product
inflation	rising prices
recession	short depression-not many jobs available
depression	people are out of work for a long time. The country is suffering.