American History

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created 6 years ago by kenzietee123
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3rd hour
updated 6 years ago by kenzietee123
Grade levels:
8th grade
Subjects:
history
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1

Barter

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exchange goods or services for other goods or services without using money

2

surplus

Mackenzie Turrill

an amount of something left over when you have to much

3

free market

Mackenzie Turrill

a private business in which they choose prices for products

4

labor

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work that is very hard or challenging

5

credit

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the ability of a customer to buy goods or services before payment, based on the trust that payment will be made in the future.

6

command economy

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people of different countries buy goods and services from one another

7

capital

Mackenzie Turrill

wealth in the form of money or other assets owned by a person or organization available or contributed for a particular purpose such as starting a company or investing.

8
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private property

Mackenzie Turrill

a property where only certain people aloud usually they have a gate and a sign that says no trespassing