Globalization

2. market-based economic system with limited government involvement
5. the driving force that encourages individuals and organizations to improve their material well-being is called Profit..
6. money that is invested with an expectation of profit
7. A government tax on imports or exports
8. The financial gain made in a transaction
10. A good or service produced in the home country and sold in another country.
11. A measurement of the total goods and services produced within a country.
13. a resource that cannot be reused or replaced easily (ex. gems, iron, copper, fossil fuels)
14. to bring a product into a country to be sold
15. an economy in which the decisions of households and firms are left up to the people running those businesses/services
16. A natural resource that can be replaced at the same rate at which the resource is consumed

1. the process by which businesses or other organizations develop international influence or start operating on an international scale.
3. An economic system in which the government controls a country's economy.
4. a country with relatively high levels of industrialization and income
6. A continuous rise in the price of goods and services
9. A country that has low industrial production and little modern technology
12. An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.