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Economic Activity
Key vocabulary to support teaching economy and trade.
Term | Definition |
---|---|
Crops | A plant that is grown on a large scale e.g. fruit, vegetable or cereal. |
Customers | People who buy goods and services. |
Demand | The need for particular goods or services. |
Economic Activity | Jobs or industry that earn someone or a company money. |
Employment | A job which earns someone a wage. |
Export | Sending goods or services to another country for sale. |
Factory | A building or group of buildings containing a plant assembly for the manufacture of goods. |
Fair Trade | A trade agreement where fair prices are paid to the producers. |
Farm | A tract of land, usually with house and buildings, cultivated as a unit or used to rear livestock. |
Import | Bring goods or services into a country from abroad for sale. |
Jobs | A paid position of regular employment. |
Supply | Amount of goods that can be provided. |
Trade | The act or instance of buying and selling goods and services. |
Wages | An amount of money that is paid. |