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Trade

TermDefinition
Physical A natural trade barrier
Economic A political trade barrier placed on a country by another country
Embargo When one country refuses to trade with another country
Blockade When on country completely surrounds another country, city, or port and they do not allow goods to enter or lave that country
Quota A limit placed on the amount of goods that may be brought imported a country to encourage production within that country
Tariff A tax placed on an imported good
Import Goods coming into a country
Export Goods going out of a country
Specialization When a country produces one main export or crop
Diversify To add variety
Created by: ZipPuppy12
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