economics

2. Capita Definition: Per person; usually used when talking about averages.
4. Trade Organization (WTO) Definition: An international organization that helps regulate and promote trade between countries.
5. Definition: Goods or services sent to another country for sale.
8. Definition: Goods or services brought into a country for sale.
13. Definition: An economic system where private individuals own businesses and resources.
14. American Free Trade Agreement (NAFTA) Definition: An agreement between the U.S., Canada, and Mexico to reduce trade barriers.
15. Definition: A political and economic system where the government owns all property and controls all resources.

1. Definition: The exchange of goods, services, or resources between people or countries.
3. Definition: The system of how money is made and used within a country or region.
6. Definition: A tax placed on imported goods.
7. Definition: An economic system where the government controls some businesses and services to ensure equality.
9. Definition: When spending is greater than income or revenue.
10. Definition: When income or revenue is greater than spending.
11. Definition: A limit on the amount of a product that can be imported or exported.
12. Domestic Product (GDP)Definition: The total value of all goods and services produced in a country in one year.