Definitions

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Economy Economy is the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

description

 

Transcript of Definitions

Page 1: Definitions

Economy

Economy is the wealth and resources of a country or region, especially in

terms of the production and consumption of goods and services.

Page 2: Definitions

Entrepreneur

An Entrepreneur is a person who starts a business and assumes full

responsibility for it

Page 3: Definitions

NAFTA

The North American Free Trade Agreement, also called NAFTA,

eliminates trade taxes and numerous other things.

Page 4: Definitions

Imports

Imports are goods or services that come into a country

Page 5: Definitions

Exports

Exports are goods or services that exit a country

Page 6: Definitions

Domestic Trade

Domestic trade is trade that happens within the borders of a

country

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International Trade

International trade is trade that happens with more than one

country

Page 8: Definitions

Tourism

Tourism is travel for recreational,  leisure or business purposes.

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Trade Surplus

Trade surplus occurs when a country exports more than it

imports

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Trade Deficit

Trade deficit occurs when a country imports more than it

exports