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SS 3-4 vocadulary
Vocabulary
| Term | Definition |
|---|---|
| Service industry | Industries that do things for people instead of making products |
| Free enterprise | Is an economy that allows people to start and run their own business with limited government control |
| Consumer | Is someone who pays money for a good or service |
| Producer | Is the person or business who makes and sells a good or service to others |
| Interdependence | It means that people in each place depend on each other for products and resources |
| Technology | Is the use of scientific knowledge or tools to make or do something |
| Trade off | Is the giving up of one thing to get something else |
| Opportunity | The thing that you give up |
| Diplomacy | Practice of working with other governments to bring about agreements |
| Diversity | The many differences among its people |
| Tradition | Is an idea or way of doing something that has been handed down from the past |
| Ethnic group | Is a group of people from the same country, of the same race, or with a shared culture. |
| Folklore | Is the term for stories, music, art, and objects passed down among people in a community or region |