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Set 6 #5 Africa

Embargo When a country announces that it will no longer trade with another country.
Indigenous Originating or occurring naturally in a particular place; native.
Alliance A union of two or more groups, usually to achieve a common goal
Humanitarian Someone who is devoted to being kind to others & helping them when they are suffering.
civil war a war within the same country
bartering a system in which goods and services are exchanged instead of using cash as a payment in a traditional economy
drought an extended period of time without rainfall
currency something that is used as a medium of exchange; money
Ethnocentrism Attitude in which a group of people believe their own culture is superior to, or better than other cultures
Capitalism An economic system in which the production of goods and services are privately owned and operated for a profit.
Specialization Those products a country makes best and that are in demand on the world market.
Incentive Company benefits offered to employees.
Invest to use money to earn more money : You might buy land or use your money to purchase stock in a company, in order to make future profit
Economics a science concerned with the process or system by which goods and services are produced, sold, and bought
Savings the amount of money that you have saved especially in a bank over a period of time
Credit money that a bank or business will allow a person to use and then pay back in the future
Ethnocentrism My culture is better than yours.
savings I put $5.00 in my piggy bank every week.
currency Mexico uses Pesos.
specialization KFC makes good fried chicken.
drought California has not had enough rain.
bartering I'll give you my fries for your slice of pizza.
incentive If you sell a car you will get a bonus.
credit I don't have all the money to pay for the washing machine now so I will have to use this to get it.
investment Buying land is always a good....
stocks a financial investment that signifies ownership in a company and makes claims on that company's earnings.
income money you earn from work, investments, business, etc.
tax an amount of money that government requires people to pay according to their income, the value of their property, etc.
debit card a card used to withdraw money or pay for purchases directly from the person's bank account without the payment of interest.
Created by: fosterjodi
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