the quantity of a good or service that businesses are willing and able to provide (supply or demand)
supply
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banana
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rocket
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gift
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thief
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an economic concept that states that the price of a good rises and falls depending on how many people want it (demand) and depending on how much of the good is available (supply)
supply and demand
supply and demand
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25
It is term used when you exchange one thing for another.
Trade
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things you can see and touch; they are products you can purchase to meet your wants and needs (goods or services)
Goods
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the quantity of a good or service that consumers are willing and able to buy (supply or demand)
Demand
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activities provided for the satisfaction of others that are consumed at the same time they are produced (goods or services)
Services
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not having enough resources to satisfy every need (surplus or scarcity)
Scarcity
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It is used to describe trade between countries.
International trade
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It means to sell goods or services to people in other countries.
Export
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It is when countries depend on one another for goods.
Interdependence
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It is a form of trading that includes trading goods and services for something other than money.
Bartering
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the rivalry among businesses to sell their goods and services (competition or resources)
competition
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monster
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shark
Other team loses 25 points!
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shark
Other team loses 20 points!
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banana
Go to last place!
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It means to buy goods and services from sellers in other countries.