goods or resources that are bought and brought (into) a country
goods or resources that are sold and sent to other countries
a fee or tax on a good that is imported into a country
a limit on an amount of a good that can be imported into a country
the refusal of one country to trade with another
an electronic practice where countries, especially those in the developing stage
Decisions are made by individuals, based on trade and competition, also called free market or capitalism, often lacks regulation or quality.
Also called centrally planned economy, government makes all decisions, what to produce, controls, and redistributes wealth and resources, prices and wages, no incentive to work hard.
Combination of free market, and limited government involvement, government in place to assure quality and regulation.
Based on culture and rituals, and is focused on the community as a whole.