Market bartering trading labor labor union

Market- a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.

Bartering- exchange (goods or services) for other goods or services without using money.

Trading- the action of engaging in trade.

Labor- the effort that people devote to a task for which they are paid

importance: Without labor, the goods and services would not be executed. Without people working to make these goods, goods cannot be produced for profit, Labor is essential in creating any kind of product. It allows mass production.

relates to: land, capital, human capital. entrepreneur

Labor Union- an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.

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