1. Vocabulary Predictions WordMy predictionPaired Prediction Shared Prediction Finally goodsProducts, the export and import of a country Useful products that can be transported. Useful products that can be sold or bought. Imports of luxury goods; things to be transported. Products, things, you can exchange them, produced, resource, you make a product or obtain (goods, service and technologies) exchangeTrade, you will give one and he will give one also It is trading.Trade of goods.A system or market in which commercial transactions involving currency, shares, commodities Act of giving one thing and receiving another servicesThis is how the company works. How they do their work. To serve people in anyway (helping) An effort or type of work that can be bought. Action of helping or doing work for someone marketIt is where the people buy things. It is a place where people sell and buy goods. Any area that business can brought to. Individuals can sell, buy and trade. 3ways to use this term – a place to exchange goods and services (souk), exchange in a large sense of country’s economy- exchange of goods of services on a national level- third is global market is the interrelationship of all aspects of the market priceIt is how much the thing worth. It is a cost of goods. The cost someone is prepared to purchase with. 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 demandIt is the interest of the product The desired to purchase products and services. People desired to purchase a certain goods or service. A desire or request for a certain good or service assumptionsIt is the prediction. It is a prediction.Prediction.Something you expect – without proof, something accepted as true without any real basis modelsYou will show the thing. Different model more advance or less advance machine. Typical blue prints. An imitation, a prototype, a blueprint to follow, an explanation of reality, a theory

3. WordMy predictionPaired PredictionShared Prediction Finally expectationsWhen you do a thing, a teacher might be expecting a good outcome. It is an academic expectation. What one thing will probably happen. Strong belief that something will happen or be the case in the future. They can be based on truths or assumptions incomeIt is the money that we get after we worked. It is money people earn after a work. Money a person earns in a certain period of time. Money received (on a regular basis) through work or investment tastesYour taste in everything. Like in food. It is one of 5 senses. What people like and want. What different people like or want

4. WordMy predictionPaired PredictionShared Prediction Finally supplyThe products that a company give to a market. Useful supplies used to live. Goods/how much one has of it. To make available, a stock or resource that provides a necessary amount. efficiencyperformanceA performance or an action. How well an action works. Orderliness, lost of work scarcityThis is about the poorness of a country or person. Resources used to live. SuppliesInsufficient for demand, lack of something, a few of something

5. WordMy predictionPaired PredictionShared Prediction Finally opportunity costsMight be the actual cost. A new price for a product. A new price or cost for a product or a thing The loss of potential gain from other alternatives when one alternative is chosen trade offsThe trade is off now. There is no trade between that country anymore. Trade between countries or people. A trade between people or country. A balanced achieve between two desirable but incompatible features well-beingIt is the good attitude of a person. A well-mannered person. A well-mannered or very well- being person State of being comfortable, happy and healthy

6. WordMy predictionPaired PredictionShared Prediction Finally EconomicsIt is connected with globalization. A connection to care for the world (globalization). Everything to do with trading and money with aspects in globalization. Branch of knowledge, study of production, consumption, transfer of health. ceteris paribusIt is a specific name of something. A biological wordConditionsequality utilityIt is something that we use. monopolySome sort of a station that produces products, usefulness The state of being useful