Trade and Economy Vocabulary
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Trade and Economy Vocabulary
Meet the vocabulary
Use the context of a community tournament to work out what each word means.
- Barter
- Demand
- Supply
- Economy
- Supply is high and demand is low.
- Supply is low and demand is high.
- Supply and demand are both low.
- Supply and demand mean the same thing.
Use the tournament stall data
The table shows how many items are available and how many customers would like to buy them during the lunch break.
Item
Available (supply)
Customers who want one (demand)
Fruit cups
18
12
Water bottles
10
24
People, place and resources
Think about how trade connects people and communities in Aotearoa New Zealand.
- iwi
- tangata whenua
- whenua
- The people of the land
- A Māori tribe or people
- Land
3 printable pages
Page 1
Page 2
Page 3
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