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Globalization Revuew

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