ECONOMICS 6 TH GRADE SOCIAL STUDIES

 MAN-MADE THINGS WE USE TO HELP US WORK, LIKE FACTORIES, MACHINES, AND TECHNOLOGIES CAPITAL RESOURCES

 THE LINKING OF NATIONS THROUGH TRADE, INFORMATION TECHNOLOGIES, AND COMMUNICATION GLOBALIZATION

 BEING REALLY GOOD AT MAKING ONE OR MORE THINGS. SPECIALIZATION

 THE VALUE OF WHAT IS GIVEN UP WHEN A CHOICE IS MADE. OPPORTUNITY COST

 A TAX ON IMPORTED AND EXPORTED GOODS TARRIFF

 AN EXAMPLE OF A TRADE BARRIER THAT SETS A LIMIT ON THE NUMBER OF A GOOD THAT CAN BE IMPORTED. QUOTA

 AN OFFICIAL BAN ON TRADE OR OTHER COMMERCIAL ACTIVITY WITH A PARTICULAR COUNTRY. EMBARGO

 SOMEONE WHO HAS AN IDEA FOR A GOOD OR SERVICE AND TAKES THE RISKS TO PRODUCE IT. ENTREPRENEUR

 TO COMMIT MONEY OR CAPITAL TO GAIN FINANCIAL RETURN. INVEST

 COUNTRIES CREATE THEIR OWN CURRENCY TO USE AS MONEY CURRENCY

 ECONOMISTS USE GDP NUMBERS TO DETERMINE THE STRENGTH OF COUNTRIES’ ECONOMIES AND TO COMPARE THEM. GROSS DOMESTIC PRODUCT (GDP)

 RECEIVING A GOOD OR SERVICE NOW AND PAYING FOR IT LATER. CREDIT

 MONEY COMING IN FOR A PERSON OR INTO A BUSINESS INCOME

 TO USE UP SPENDING

 INCOME NOT YET SPENT SAVING