Exploring Economics

Target Language or Knowledge:

supply the amount of a good or service that a producer wants to sell demand the amount of something that a consumer wants to buy labor the ability of people to do work capital money and goods used to help people make or do things scarcity lack of a resource opportunity cost what you give up to make or buy something exports goods shipped out of a county and sold somewhere else imports goods and services that a country buys from another country barter goods and services traded for other goods and services globalization the growth in free trade between countries

How do you think economics affected trade in Italy during the Renaissance? Use the words supply, demand, imports, exports, and barter in your response. Complete this question for homework.