terms

= International Trade  =

In marketing a product is a bundle of goods and services.
 * =====__International trade__ is the exchange of goods and services across borders.=====
 * __Local trade__ is the exchange of goods and services whiting the same country.
 * __A good__ is something than satisfies a need. A good is tangible. Ejm: Food, clothes, cars, money.
 * A __service__ is something intangible that satisfies need. Ejm: transportation, security, water, gas.
 * __ Output __ is an amount of something produced by a person, machine, factory, country, etc.
 * __ Develop __ is grow or change into a more advanced, larger or stronger form.
 * __ Due __ to is because of.
 * __ Half __ is either of the two equal or nearly equal parts that together make up a whole.
 * __ Ship __ is a large boat for travelling on water, especially across the sea.
 * __ Pattern __ is a particular way in which something is done, organized or happens.
 * __ Measure __ is discovering the exact size or amount of something, or to be of a particular size.
 * __ Impose __ is to officially force a rule, tax, punishment, etc. to be obeyed or received
 * __ Draw __ is to make a picture of something or someone with a pencil or pen
 * __Loath__ is to be unwilling to do something
 * __Open__ is not closed or fastened
 * __Agreement__ is when people have the same opinion, or when they approve of or accept something
 * __Amount__ is a collection or mass especially of something which cannot be counted
 * Success is a ....
 * __Commodity__ a substance or product that can be traded, bought or sold
 * __Tend__ is to be likely to behave in a particular way or have a particular characteristic
 * __Flow__ is to move in one direction, especially continuously and easil
 * __Engage__ is to employ someone
 * __Approach__ is to come near or nearer to something or someone in space, time, quality or amount
 * __Swell__ is to become larger and rounder than usual; to (cause to) increase in size or amount
 * __Driven__ is describes someone who is so determined to achieve something or be successful that all their behaviour is directed towards this aim
 * __Such__ is used before a noun or noun phrase to add emphasis
 * __Staple__ is a short thin piece of wire used to fasten sheets of paper together. It has sharp ends which are pushed through the paper and then bent flat by a special device.
 * __Impose__ is to officially force a rule, tax, punishment, etc. to be obeyed or received
 * __Approach__ is to come near or nearer to something or someone in space, time, quality or amount
 * __Restriction__ is an official limit on something
 * __Payments__: The difference between the money that a country receives from exports and the money that it spends on imports
 * __Assets:__ Buildings, equipment and land owned by a company.

= The Word Trade Organisation =

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 * GATT: General Agreemenents on Tariffs and Trade
 * MFN: Most Favorite Nacion
 * Purpose: Why you do something or why something exists
 * Accurate: Correct, exact and without any mistakes
 * Agreements: An agreement which is based on trust and is not written down
 * Whereas: Compared with the fact that; but
 * Council: A group of people elected or chosen to make decisions or give advice on a particular subject, to represent a particular group of people, or to run a particular organization
 * TRIPS: The council for Trade Related Aspects of Intellectual Property Rights
 *  Hijacked: T o take control of an aircraft or other vehicle during a journey, especially using violence
 * Poor: Having little money and/or few possessions
 * Health: The condition of the body and the degree to which it is free from illness, or the state of being well
 * Environment: The air, water and land in or on which people, animals and plants live
 * Grow: To increase in size or amount, or to become more advanced or developed
 * Reward: Something given in exchange for good behaviour or good work, etc
 * Piracy: The practice of attacking ships in order to steal from them
 * Efforts: Physical or mental activity needed to achieve something
 * Stifle: T o (cause to) be unable to breathe because you have no air
 * Issues: A subject or problem which people are thinking and talking about
 * Gap: An empty space or opening in the middle of something or between two things
 * Toward: In the direction of, or closer to someone or something
 * Abroad: In or to a foreign country or countries
 * Able: To have the necessary physical strength, mental power, skill, time, money or opportunity to do something
 * Eroded: To rub or be rubbed away gradually
 * Outcome: A result or effect of an action, situation, etc
 * Claim: To say that something is true or is a fact, although you cannot prove it and other people might not believe it
 * Damage: To harm or spoil something
 * Gains: Profits made by selling property or an investment