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Consumerthe person that buys it
producer the person that makes it
interdependent they rely on each other
import bring in or bought
export sell or get rid fof take out u get the point
balance of trade the diffrence between a countries import and export earninggs
trade surplus if a country earns more on exports than imports (good)
trade defict if a country spedns more on imports than it earns on exports
trade blocs countries that make trading between them cheap as chips
free trade free
trade barriers limit trades such as traffis which is taxes on import/exports
qouta im pretty sure u know that
susidise be nice to industries so they dont have to pay tax for a bit
primiary products plants or raw ore see what i did there
wto waa toooooooo
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