global economy

Mer som dette

2019 G7 Summit

Ved Matthew Carrier

Pax Romana

Ved Morgan Cook

The Founding Of Singapore

Ved Matthew Wong

Trade Barriers

Ved Udiaver Aparna

global economy

Imports: bring goods into a country that were made in another country

Exports: to send goods to another country for sale

Functions of busniess

finance: the busniess of money managment Accounting: maintaing and checkig record

Managment:is the process of acheving company goals by,planning organzing and leading

Marketing :The process of planning ,promoting and selling goods and services .

Marketing :The process of planning,promoting and selling goods and services .

Procurment:re-selling of goods that have already been produced

Production:creating goods and services

Free trade: an economic policy that determines which companies trade with each other

Embargo:is a ban on the import or expire of a product

quota:is a limit placed on the quantities of a product that can be imported.

tariff: is a tax placed on imports to increase the price

Balance of trade: The difference in value between a country's imports and exports

Comparative advantage: is the ability of a country to produce a particular good more efficiently than anothercountry

Trade surplus: When a country exports more products then it imports

Trade deficit:when a country imports more than it exports

code of ethics: a set of guide lines for maintiang ethics in a work place

Fair trade:a arrangment designed help producers in developing countries achieve sustanablie trade relationships

passes the code of ethics

Sweatshops:a factory or workshop where wokers are paid very low wages and are working unsafe conditions

does not pass the code of ethics

type of businesses

corporation:a busniess that is owned by share holders

partnerships:A busniess owned by two people who share risks and rewards.

sole propitorship:A busniess owned by one person

multinational corporation: a company that does business in many countries around the world

Globalization: the exchange of goods and services between nations.