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Cameron Baker

Vocabulary related to economic stages of development.

product line the practice of work or farming
investment putting money in to make a profit
barter to start to include different types of things
leasing a new idea or method
agriculture investments owned by a person or organization
innovation the amount that is more than needed
retail bank the process of developing industries in a country
surplus using another person's property for a period of time
diversification set of products of particular type
security a bank with branches in many places
subsistence a valuable item such as a house
portfolio having what you need to stay alive
industrialization to exchange goods for other things rather than money
secured loan loan agreement that gives bank right to seize property

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