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Modern Era

TermDefinition
Big business Huge companies sell things in almost every country.
Free trade agreements Agreements make it cheaper to buy and sell across borders
World Trade Organization "Ref" or a "Judge" for world shopping. They make sure countries trade fairly
Climate Change Our earth is getting warmer causing melting ice, extreme heat, and big storms which affect plants, animals, and humans.
Multinational Corporations These are huge companies that have offices and factories in many different countries at the same time.
Tariff An extra tax a country puts on a good it buys from another country.
Tax Money that the government collects from people to pay for things like schools, roads, or police.
Globalization Increasing connectedness of economics and ways of life around the world.
Migration When a lot of people move from one home to another. They often leave for big reasons: better jobs, safety, fresh start.
Economy The way a country or group of people makes, shares, and uses all the goods, services, and money.
Created by: MWilliams2021
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