Across
- 3. The statistics about a human population including details such as age, marital status, income, birth place and household information (number of children, etc)
- 5. A good or service brought into a country for sale.
- 6. Cost and potential benefit of an opportunity that is deferred or sacrificed in order to act on another opportunity.
- 8. International trade left to its natural course without tariffs, quotas, or other restrictions.
- 10. The principal international organization that deals with the rules of trade between and among nations.
- 14. Political and economic alliance of 28 European countries that have eliminated trade barriers among them.
- 15. Customs duty on merchandise imports, the purpose of which is to give a price advantage to similar locally produced goods or to raise revenues for the country.
- 16. The growth and spread of interactive international economies and businesses around the world.
- 18. Also known as capitalism or private enterprise, an economic system determined by free competition, in which business, consumers and government act independently of one another, market forces and self-interest determine what goods are created and sold.
Down
- 1. Barriers by a country to limit imports or force customer prices of imported goods to be less competitive with local goods; includes tariffs, quotas, foreign exchange restrictions, and other regulatory matters.
- 2. The values, laws, language, technology, art, music, religion, and literature of a community or nation.
- 4. Reliance of two or more groups on the actions of one another to fulfill certain wants or needs.
- 7. Refers to a select group of four large, developing countries (Brazil, Russia, India and China) and are distinguished from a host of other promising emerging markets by their demographic and economic potential to rank among the world's largest and most influential economics in the 21st century.
- 9. An advantage in which a country or company outperforms others in terms of productivity, quality and price of products, superior service, better technology or higher profit.
- 11. The process used by an organization or company to change its structure, product line, or production process to make it more efficient, productive, and competitive; an attempt to increase the company's effectiveness or efficiency, including downsizing, cutbacks, layoffs, and relocating corporate functions and activities to countries that have cheaper labour and few/no union problems
- 12. To obtain goods, parts, materials or services from an outside source
- 13. The transfer of certain business functions by a company to a branch of the company that is located in another country, usually to save labour costs.
- 17. The management of the flow of goods and services both into and out of an organization, from the point of origin to the point of consumption; consists of transportation, inventory management, warehousing and storage, and packaging