Multinational Corporation
A firm that does business in plenty of countries and has facilities and also offices in plenty of countries roughly the world.

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ImportsGoods and also services that a nation buys from an additional country.
ExportsGoods and also services the one country sells come another.
Exchange RateThe price at which one money can buy one more currency.
Balance the TradeThe difference in the value between how much a nation imports and also how lot it exports.
ProtectionismThe exercise of putting borders on international trade to protect businesses at home.
TariffA tax put on imports to rise their price in the domestic market.
QuotaA limit inserted on the quantities of a product that have the right to be imported.
EmbargoThe government decides to stop and also import or violin of a product.

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Free TradeFew or no boundaries on profession with various other countrie.
Trade disputeconflict over global competition
NAFTAtrade alliance between the US, Canada and also Mexico
Foreign Exchange marketbanks where different currencies space exchanged
Currencythe us dollar, peso, yen and pound
domestic tradegoods and also services that space bought and sold in ~ the country
trade surpluswhen a country exports an ext than it imports
trade deficitwhen a nation imports much more than the exports
trade alliancewhen several nations merge economies inot one huge market and to reduce or eliminate limits on trade
international businessbusiness tasks needed because that creating, shipping and also selling goods and services actoss nationwide borders
absolute advantageexists as soon as a nation can produce a great or organization at a lower price than other countries
comparative advantagea instance in i m sorry a country specializes in the manufacturing of a great or company at which that is relatively an ext efficient
balance of paymentsthe difference in between the lot of money the comes into and the amoun to goods that walk out
infrasturcturerefers come a nation's transportation, communication and utility system
trade barrierrestrictions to cost-free trade with other countries
free-trade agreementsmember countries afree to remove duties additionally called income taxes and also trade obstacles on products trades among them
licensingallows service providers to produce items in other nations without being proactively involved
franchisingallows institutions to get in into contracts v peopel in other nations to collection up a company that looks and rund choose the parent company
joint ventureallows 2 or an ext companies to share raw materials, shippping facilitie, management activites or manufacturing activities
world profession organization150 countries, promotes trade, settles profession disputes and also enforces trade agreements