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Trade

Trade/ Trade Barriers

TermDefinition
Physical Trade Barrier A natural trade barrier
Econmic Trade Barrier A political trade barrier placed on a country or good by another country
Embargo Wheno one country refuses to trade with another country
Blockade When one country completely surrounds another country city, country, or port, and they do not allow good to enter or leave that country
Quota A limit placed on the amount of goods that may be brought imported a country to encourage production within that country
Tarrif A tax placed on an imported good
Export Goods going out of a country
Specialization When a country produces one main export or crop
Diversity To add variety
Import Goods coming into a country
Created by: MEOW ;P
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