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1.1 Exporting and importing - Grade 5
8
Transcript
Objectives :
- Define exports and imports.
- Identifies the relation between countries in terms of goods and services as the global economy.
- Understand that no single country can be independent to make all the things they need without asking the help of other countries
Exporting or Importing
Vocab
MENA
Goods
Services
Trading
Exports
Imports
Vocab
Middle East and North Africa Region
MENA
Articles for sale or use, often produced for later consumption
Goods
Work done by somebody for somebody else as a job
Services
The activity of buying and selling or bartering goods.
Trading
Exports are products that are sold and transported to another country
Exports
Imports are products that are brought into one country from another
Imports
Imports and Exports
Why does a country need to export and import goods?
Why?
Answer
Because countries do not have enough resources and materials to make everything they need
Hence they export their products to get money
Then use money to get more Products they do not have
Goods Services
Producing + Consuming = Economy
Goods Services
Economic systems
Economic system are the set of rules and laws that control a country's economy.
Page 9 :
Think & Analyze
Because a rich country is one that gets more money
coming in for what they
sell than the money they
pay out for imported
goods and resources.
Answer
p.14
p.15
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