Goods, Services, and Trade Flashcards

Grade 2 · Social Studies · Flashcards

Review the key words and ideas about goods, services, and trade.

Flashcards

goods: Physical things you can touch and buy, like food, shoes, or toys
services: Things people do for others, like teaching, healing, or fixing
producer: A person who makes or grows goods to sell
consumer: A person who buys and uses goods or services
trade: Exchanging one thing for another
barter: Trading goods or services directly without using money
money: Coins and bills used to buy goods and services
market: A place where goods and services are bought and sold
natural resources: Things found in nature, like trees, water, and minerals, used to make goods
import: A good brought into a country from another country
export: A good sent from one country to be sold in another country
international trade: Buying and selling goods and services between different countries