Week+6-+Assignment+2

1. You need natural resources. Make sure your product will sell and make profit. 2. Exports are when your sending products to sell to other countries, and importing is getting the products. 3. You have to make sure your product will sell and people would actually want it. 4. Things that effect the trading with other countries is when your product is not selling. You dont have enough money to buy products, or enough merchandise to sell. 5. It affects a nation's economy because if there not buying anything then the nation isnt getting anything either 6.The role that they play is that they get money.

1. An area where there are no trade barriers. 2. Is when a country enjoys all the lowered tariffs and reductions of trade barriers that all other members of the World. 3.A type of trade bloc, a desgnated group of countries that have agreed to eliminate tariffs, quotas and preferences on most goods and services traded between them. 4. 5. A temporary reduction or elimination of a tax. Governments usually create tax holidays as incentives for business investment. 6.The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition 7. A common market is a type of trade bloc which is composed of a customs union with common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise. 8. A disk quota is a limit set by a system administrator that restricts certain aspects of file system usage on modern operating systems. The function of setting diskquota to disks, is to allocate limited diskspace in a reasonable way. 9. A boycott is a form of consumer activism involving the act of voluntarily abstaining from using, buying, or dealing with a person, organization, or country as an expression of protest, usually for political reasons. 10. An embargo is the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it. 11. Economic nationalism is a term used to describe policies which emphasize on domestic control of the economy, labor and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital. 12. A political system is a system of politics and government. It is usually compared to the legal system, economic system, cultural system, and other social systems. It is different from them, and can be generally defined on a spectrum from left. 13.The political orientation of those who favor government by the people or by their elected representatives. 14. Characterized by a government in which the political authority exercises absolute and centralized control. 15.The country into which a foreign direct investment is made. 16. Social responsibility is an ethical or ideological theory that an entity whether it is a government, corporation, organization or individual has a responsibility to society at large. 17. Where your business originated from. 18. Individualism is the moral stance, political philosophy, ideology, or social outlook that stresses. 19.An economic system in which the means of production and distribution are owned and controlled by the people collectively. 20. Ethnocentrism is the tendency to believe that one's ethnic or cultural group is centrally important, and that all other groups are measured in relation to one's own. 21. A condition of disorientation affecting someone who is suddenly exposed to an unfamiliar culture or way of life or set of attitudes. 22.