click below
click below
Normal Size Small Size show me how
part 5
Term | Definition |
---|---|
trade | is the exchange of goods |
export | are goods and services produced within the country |
import | are goods and services sold in a country |
tariff | is a tax on imports or exports |
trade barrier | is a government with restrictions |
free trade | or the removal of trade |
budger | is a plan that shows income |
savings | is an act of setting aside money |
intrest | is the price for barrowing |
credit | is an arrangment |
investing | is the act of using money |
stock | is the share of ownership in an company |
bond | is a certificate sued by a company |
market | an organization a way for producers and consumers to trade goods and services |
profit | is the money a company has left |
revenue | is the money earned bye a company |
specilization | the act of concentrating on limited goods |
composition | struggle among producers |
inflation | increase in prices |
recession | grounth in months |
traditonal econmony |