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

Interactions within the Global Economy

Author: Jeff Carroll
Description:

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

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Tutorial

Source: Image of engine, tractor, curved arrow, border, factory, crowd of people, books, images by Video Scribe, License held by Jeff Carroll; Image of world map, Public Domain, http://bit.ly/SW7eVU; Image of pipe and valve, Public Domain, http://bit.ly/1lCh3oU.

Terms to Know
Embargo

A trade restriction that stop trade with a specific country.

Quota

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

Sourcing

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

Tariff

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.