JA Vocab Flashcards
(28 cards)
Import
A good or service brought from another country
Trade
An exchange of a good or service
Market
A place where trade occurs
Export
A good or service sold to another country
International trade
An exchange of goods or services with another country
Domestic trade
An exchange of goods or services within your own country
Quota
A control on an amount of a product that can be imported into a country
Embargo
A ban on trade with another country for one or all of its goods
Patton
A safeguard on an idea that says only you can use this idea
Tariff
A tax on a good imported into a country
Consumers
A person who buys goods or services
Producers
A person who makes or produces a good or service
WTO
World trade organization, an organization acting as a court to settle disputed amount other nations
Subsidy
A government action that decreases an industries production cost
NAFTA
North American free trade agreement
Multilateral agreement
An agreement between more than two nations
Human resource
A person who works for a company/ business
Immigrate
To permanently enter a new country
Emigrate
To permanently leave a country
Global
Around the world
Entrepreneur
A person who starts their own business
Internet
A global computer network providing information
Scribe
A person who had to copy books in the past
Productivity
The amount of a good produced and the length of time worked
