Ch 4 vocab

5. the action of modifying something to suit a particular individual or task
6. action of adapting
8. a fixed share of something that a person or group is entitled to recieve
9. commerical enterprise undertaken jiontly by two or more parties which otherwise retain their distinct identities
10. theroy or practice of shielding a countries domestic industriesfrom foreign competition by taxing imports
11. a very small country
13. send goods or services to another country for sale
14. action of buying or selling goods or services
16. official ban on trade or other commercial activity with a particular country
17. The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period
19. A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset

1. trade between countries
2. including or involving many nations
3. the process by which businesses or other organizations develop international influence or start operating on an international scale
4. economic transactions made between countries
7. Free trade zone for mexico, the us, and canada
12. bringing goods or services into a country from abroad for sale
15. an economic and political association of European countries as a unit with internal free trade and common external tariffs
18. granting of an official license