Products; things we sell and buy. For example: clothes, food, school supplies etc.

Supply is the quantity of products being sold.

Demand is the quantity of people who want to buy a product.

The process of bringing goods into a country from another country.

Money paid to the government that is based on your income or the cost of goods or services you have bought.

Lower quality of life, lower quality of services, underdeveloped economy and low/no technological infrastructure, among others.

Public services such as: schools and universities, hospitals, parks, security, culture, street pavements etc

Higher quality of life, higher quality of services, a developed economy and great technological infrastructure, among others.

The price of materials, the amount of products available (supply), the amount of people who want to buy it (demand), the cost of transportation etc

The activity of sending goods to another country in order to sell them there.