My World Chapter 4 Lesson 4 Vocabulary

New inventions or ways of doing things.

• Import
• Export
• Innovation
• Outsourcing

Goods that are brought in from another country to be sold here.

• Import
• Export
• Innovation
• Outsourcing

Goods that are shipped to another country to be sold there.

• Import
• Productivity
• Innovation
• Exports

The separation of a work process into a number of different jobs.

• Import
• Task
• Division of labor
• Exports

A piece of work to be done

• Import
• Task
• Division of labor
• Exports

The ability of a company, group, or person to focus on a single task.

• Import
• Productivity
• Innovations
• Specialization

The amount a company can produce with a certain amount of labor.

• Import
• Productivity
• Tasks
• Specialization

An advantage gained from something.

• Import
• Outsourcing
• Tasks
• Benefits

Able to be used

• Supply
• Available
• Demands
• Benefits

To take and use something with the agreement of returning it at a later time.

• Borrow
• Profit
• Income
• Benefits