3 Tutorials that teach Interactions within the Global Economy
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Interactions within the Global Economy

Interactions within the Global Economy

Author: Aisha Williams

This lesson is an overview of trade restrictions and global markets.

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Terms to Know

A trade restriction that stop trade with a specific country.


Limiting the amount of a good being traded to a specific amount or value.


Determining the production location of goods based on external and internal variables of the business.


Any imports and exports tax that is placed on a group of products.

Trade Agreement

A trade treaty between nations which sets rates of tax and any limit on restrictions.

Trade Restrictions

Artificially limiting the business conducted between nations.