1. Economics in the Western Hemisphere
Illustrated Glossary
Grade 5 Unit 5
Economics in the Western Hemisphere

2. demand
the ability and desire to purchase goods or services at a specified time and price
the ability and desire to purchase goods or services at a specified time and price

3. dependent
to rely on another
downlopaz.com

4. economics
concerned with description and analysis of the production, distribution, and consumption of goods and services
economics.mrdonn.org

5. an order of the government restricting trade
embargo
unitedisrael.org
an order of the government restricting trade

6. export
to send goods and services abroad especially for sale in another country

7. manufactured articles or products
goods
manufactured articles or products

8. import
to bring goods or services into a country from another country usually for selling

9. the businesses that provide a particular product or service
industry
the businesses that provide a particular product or service

10. to depend or rely on one another
interdependence
to depend or rely on one another

11. making from raw materials or natural resources by hand or by machinery
manufacturing
making from raw materials or natural resources by hand or by machinery

12. moratorium
an official delay

13. natural resource
stockdesk.com
something, such as a mineral, waterpower source, forest, or kind of animal, that is found in nature and is valuable to humans

14. something that is necessary for humans to live a healthy life
needs
something that is necessary for humans to live a healthy life

15. to create something by work
production
erp404.com
to create something by work

16. lacking in quantity or number
scarcity
lacking in quantity or number

17. able to take care of oneself without outside help
self-sufficient
able to take care of oneself without outside help

18. useful labor that does not produce goods
services
useful labor that does not produce goods

19. to limit one's attention or energy to one business or job
specialization
to limit one's attention or energy to one business or job

20. the amount of something
supply
owendunn.com
the amount of something

21. a list of taxes placed by a government on imported goods
tariff
a list of taxes placed by a government on imported goods

22. the business of buying and selling items
trade
smallbiztrends.com
the business of buying and selling items

23. desire or wish for things
wants
oakdome.com
desire or wish for things