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Globalization Revuew
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What is International Trade?
When one country trades with another country
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What is economy?
A system of making and trading things of value, known as goods and services
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What is a service?
An action that a person does for someone else, such as haircut, car repair, teaching
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What is an Import?
When a material or product is brought into a country from another country
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What is Globalization?
When the local or national way of doing something becomes global
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What is an Export?
When a product is sold to people outside the country in which it is made
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What is a good?
Any object or product that is useful
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