Interconnected world terms

2. refers to an economy's dependence on a particular resource in order to be successful.
5. was a trade pact signed in 1992 between the United States and its North American neighbors, Canada and Mexico.
8. practice of protecting a country’s local business or industry. This can be done through government policies such as limiting what is imported from other countries and placing tariffs (or taxes) on goods that enter the country.
12. condition of not having enough money or material goods to meet one’s basic needs.
14. refers to the vast numbers of people from India who have emigrated to other parts of the world.
15. the condition of not having enough money or material goods to meet one’s basic needs.
16. also known as a duty or customs duty, is a tax that is placed on imported goods when they enter a country
17. the movement of people from rural areas, usually called towns, to urban areas, which are called cities
19. an index designed by the United Nations to measure the basic contentment of people living in a particular country.
21. the informal name for India's large and popular movie industry
23. country One country that has little industrial development and therefore a relatively low standard of living.
24. a corporation that operates in more than one country at a time.
25. in this economy business owners and consumers still make most of the economic decisions.

1. a law that is passed to prohibit trade with a particular nation or nations
3. policies put in place by a government to restrict trade with one country, with a group of countries, or with specific businesses or individuals.
4. the increasing interdependence of nations and peoples across the globe.
6. refers to the shared characteristics of a group of people.
7. an economic policy in which a nation does not try to limit imports or exports by enacting tariffs or subsidies.
9. includes service industries that offer services to other businesses and consumers.
10. the underlying foundation or framework of a system, organization, or location.
11. includes manufacturing activities, which may be referred to as secondary production.
13. the part that makes direct use of natural resources.
18. the underlying foundation or framework of a system, organization, or location.
20. the process by which previously colonized countries free themselves from their colonizers.
22. refers to people’s quality of life based on the goods and services that are available to them.