Supply and Demand | Spending Wisely | Import and Export |
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What is supply?
The amount of goods that are made or available.
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What is spending?
It means, "to pay for something."
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What is export?
Supplies that a country is selling to another country.
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What are goods?
The items that are sold.
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What is saving?
It means "to put money aside for later."
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What is import?
Supplies that a country gets from another country.
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What is demand?
The amount of goods purchased or wanted.
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What is comparing prices?
When you look around to find the best price on something.
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What is to trade?
To willingly give things or services and get other things or services in return.
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What are services?
A hair salon, a lawn mowing company, a doctor are all forms of this.
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What is a sale?
When goods are advertised at a lower price. Black Friday.
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What is the law of supply and demand?
The law of _____ and _______ helps set prices for goods and services
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What is a budget?
When you plan on how much money you will spend on certain items and not go over that amount.
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