Economics Vocabulary

2. Goods shipped out of one country and sold to another
4. An economy based on customs where members of a group do the same activities
6. In this economy there are signs of rising prices and money buying power is decreased
8. Goods and services that are traded for other goods and services (No money trading involved)
10. The amount of something that a consumer wants to buy
12. When companies grows very slowly or start to regress.People often lose their jobs in this situation
13. The lack of resources to make goods or provide services
14. The amount of a good or service that a producer wants to sell

1. International trade between countries and the growth of free trade
3. Cost What you give up to make or buy a good or service
5. The money and goods used to help people make or do things
7. An economy where a centralized government decides what goods and services will be made and who receives them
9. The act of running a business and taking on the risks of that business
11. The goods and services that a country buys from others