1. Vocabulary Predictions WordMy predictionPaired Prediction Shared Prediction Finally goodsProducts, industrials, … products, in a country/compan y, produced and processed locally but not from other foreign nations. Products, things, you can exchange them, produced, resources, you make a product or obtain (goods, servcies and technologies) a good is defined as a physical (tangible) product, capable of being delivered to a purchaser and involves the transfer of ownership seller to costumer. exchangeExchanging, giving in and out, exports and imports the trade of goods, between two or more nations. Companies giving up negative product for better products in return/internatio nally Act of giving one thing and receiving another servicesI always hear “goods and services”. Services a company offers, interests maybe? Help in a country, mostly associations, and any other companies to insuring comfort for citizens( hotels, schools, retirement home) Help in a country, mostly associations, and and other company insuring comfort foe citizens Action of helping or doing work for someone market a place where where goods are exchanged Where people buy goods. And is anyplace where products are sold, or traded. Any place where products are sold, invested, or traded 3 ways to use this term – a place to exchange goods and services (souk), exchange in a larger sense of country’s economy-the exchange of goods and services on a national level- third is global market is the interrelationship of all aspects of the market priceThe amount of money required for a particular thing the amount of money for a value of any product. The amount of money for a the value of any product The amount of money expected in payment for something. Price is decided by the value of something. Value is based on demand

2. WordMy predictionPaired PredictionShared Prediction Finally demandneedNeed of any products from a country, company, people and/or communities. Something you want. need of any products from a country, company, people, or community. The products specifically wanted by a company or a citizen A desire or request for a certain good or service assumptionsPredictions?A thing that is accepted as true or as certain to happen without any proof. When you have guess of something that your not sure about. Something you expect – without proof, something accepted as true without any real basis modelsa smaller thing (structure, statistics, …) that shows how it will be in reality Prototypes of any product, usually used for publicity, to insure trade. Prototypes of any product usually used for publicity to insure trade An imitation, a prototype, a blueprint to follow, an explanation of reality, a theory

3. WordMy predictionPaired PredictionShared Prediction Finally expectationsPredictions on the outcome (opinions) The objective or what a company aims for. Strong belief that something will happen or be the case in the futue. They can be based on truths or assumptions incomeTotal amount of money a person or company gets (job, …) the profit made from work or services in company, it can also include salaries. Income is the profit made from work or services in a company, it can also include salaries. Money received (on a regular basis) through work or investment tastesTaste of a product opinions per person about a product or a service. What people think of a certain company. What different people want and like. A brief experience of something, conveying its basic character. What different people want.

4. WordMy predictionPaired PredictionShared Prediction Finally supplyEx. ( a limited supply of books) the huge amount of product for a county, such as foods, water, books, technologies and many other products useful in everyday’s life A stock of equipment for people or companies who need more of something. To make something available. A stock of/or resource that provides a necessary amount efficiencyProductiveness,having a high- quality production in a country/company. How well something is working and its standards. The state of quality of being efficient. scarcityVery low amount,Opposite of efficiency, its insufficiency for demands of foods. Lack of supply. When people wan too much but there isn’t enough resources to give the citizens or companies what they want or need. Insufficient for demand, lack of something, a few of something

5. WordMy predictionPaired PredictionShared Prediction Finally opportunity costsPredicted costs of a project, … (that didn’t start yet) chances for companies to sell some valuable products. This is the object that you don’t choose from a choice of multiple options. The loss of potential gain from other alternatives when one alternative is chosen. trade offsBalanceExchange of goods/products based on agreements When you trade something you don’t want anymore for something that you want with another firm or company. A balanced achieved two desirable but incompatible features; a compromise. well-beingGood incomeThe valuable products that helps the company. How well or good something is, and the state of it. the state of being comfortable, healthy, or happy

6. WordMy predictionPaired PredictionShared Prediction Finally EconomicsEconomics! The world of economy, the whole world’s trading and corporations and companys the branch of knowledge, of trade in wealth, and mainly globalization the branch of knowledge that studies the consumption, production, and transfer in wealth. Branch of knowledge that examines the production, consumption and transfer of wealth. ceteris paribusAn animalWith other conditions remaining the same. When you are sure something is going to happen and make a bold statement about it. with other conditions remaining the same utilityThe value of a product Useful, beneficialThe use of an object and how well it can be used. The state of being useful, profitable, or beneficial.