Social Studies-Vocabulary-Chapter 6

An object you buy that becomes your property

• product

• service

• trade

Actions that are necessary to satisfy certain needs

• product

• services

• trade

When a country sells and sends its products to another country

• export

• import

• trade

When a country buys products from other countries and brings it home

• export

• import

• trade

An economic activity that allows us to contribute to our own well-being and that of the community

• work

• salary

• trade

Refers to the money we earn in exchange for our work

• work

• salary

• trade

Money put away for difficult moments

• check

• salary

• savings

Paper used to represent the money we have in our bank accounts

• check

• salary

• savings

A job that is learned by attending specialized schools, or taught by one generation to another

• profession

• trades

• work

A type of job that can only be obtained after studying at a university level

• profession

• trades

• work