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vocab core concepts2
| Question | Answer |
|---|---|
| a factor that encourages people to act in a certain way | incentive |
| The money a company has left after subtracting the costs of doing business | Profit |
| the increase in price | inflation |
| the amount of goods and services produced given the amint of resources used. | Productivity |
| the total value of all goods and services produced in a country | gross domestic product |
| goods and services sold in a country that are produced in other countries. | Exports |
| the number of people per unit of land area | population density |
| the movement of people from rural to urban areas | urbanization |
| the movement of people from one place to another | migration |
| the study of how people meet their wants and needs | Economics |