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Entrepreneurship 4

vocab

QuestionAnswer
Global Economy The world- or global economy generally refers to the economy, which is based on economies of all of the world's countries.
Exporting Selling and shipping of goods to another country.
Importing Buying or bringing in goods from other countries to sell.
Trade Barrier Restriction on goods entering or leaving a country.
Gross Domestic Product (GDP) The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investment
Created by: mpieschl
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