browse

to look at information on the internet, or to look at goods in a store

EXAMPLE: I like to browse the posts on Facebook Marketplace, especially the ones labeled Free!

exchange

to give something to someone and receive something similar from them

EXAMPLE: Gifts are often exchanged during the holidays.

expectation

what you expect

EXAMPLE: Before I gave my son my car, I explained my expectations. He must always wear a seatbelt, obey the speed limit, and not use his phone while driving.

in return for

as an exchange for something.

EXAMPLE: I gave my neighbor some furniture in return for 4 haircuts over a six-month period.

scarce

not easy to find or get

EXAMPLE: Clean water is scarce because farmers pollute the water with chemicals.

short on cash

not having enough money

EXAMPLE: I have to wait to buy new tires until next month because right now I am short on cash.

trade

(noun) the activity of buying, selling, or exchanging goods and services

EXAMPLE: Trade between the United States and China has increased over the past decade.

as long as

if

EXAMPLE: You can have a dog as long as you promise to take care of it.

assess

(verb) decide the value of something

EXAMPLE: The government assessed my house in order to determine how much I should pay in property taxes.

barter

(verb) to exchange goods and services instead of paying money for them

EXAMPLE: Jose and his friend Steve bartered. Jose gave his boat to Steve, and Steve landscaped Jose's backyard.

change hands

to go from one owner to another

EXAMPLE: The Italian restaurant has changed hands. I don't like it as much as I used to. The new owners don't know how to run a business!

duration

the length of time something lasts

EXAMPLE: He plans to stay at his job for a duration of two more years. Then he is going to retire.

goods

things for sale, things that you own

EXAMPLE: Target sells household goods as well as food.

invent

to create something that has never been made before

EXAMPLE: Who invented the computer? The computer was invented by Dr. Atanasoff in 1942.

limited

small in amount or number

EXAMPLE: I have to be careful with my spending because my income is limited.

misunderstanding

not understanding something correctly

EXAMPLE: We are going to write a contract so that we both know exactly what we should do. That way we won't have a misunderstanding.

possession

something that you own

EXAMPLE: I am moving next month, so I am starting to put my possessions into boxes.

principle

a basic idea or rule

EXAMPLE: Bartering is based on the principle of equal exchange. I give you a haircut and you cut my grass.

trade

(verb) to exchange goods or services

EXAMPLE: The two countries traded goods.

be willing

to be happy to do something if it is needed

EXAMPLE: If you need help, I will be willing to help you!

adapt

(verb) to change, to get used to

EXAMPLE: When people move from a country that normally has hot weather, they have to adapt to Minnesota's cold winters.

adopt

to legally take a child into your family

EXAMPLE: My neighbors were not able to have a baby, so they adopted a three-year-old girl. They love that little girl!

conscience

the part of you that tells you when you've done something bad

EXAMPLE: I have a guilty conscience because I told a lie. I want to feel better, so I'm going to tell my mom the truth.

conscious

aware, thinking, and knowing

EXAMPLE: He was in a car accident and was in a coma (asleep) for a week. We are so happy that he is conscious now and can talk to us.

principal

the person in charge of a school

EXAMPLE: My daughter got into trouble at school. The principal called me and asked me to come in for a meeting.