Principles of Business, Unit 1: Chapter 3

This list focuses on business in the global economy (Unit 1, Chapter 3).

Here are links to all the chapters of Unit 1, Business in the Global Economic Environment: Chapter 1, Chapter 2, Chapter 3, Chapter 4

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. import
    commodities bought from a foreign country
  2. export
    a commodity sold to a foreign country
  3. balance
    equality of distribution
  4. exchange
    reciprocal transfer of equivalent sums of money
  5. infrastructure
    basic facilities needed for the functioning of a country
  6. barrier
    any condition that makes it difficult to make progress
  7. quota
    a limitation on imports
  8. tariff
    a government tax on imports or exports
  9. embargo
    a government order imposing a trade barrier
  10. restriction
    a principle that limits the extent of something
  11. international
    concerning or belonging to two or more countries
  12. global
    involving the entire earth
  13. joint
    affecting or involving two or more
  14. venture
    a commercial undertaking that risks a loss
  15. complex
    complicated in structure
  16. inspector
    an investigator who observes carefully
  17. interpreter
    someone who mediates between speakers of different languages
  18. translator
    someone who mediates between speakers of different languages
  19. representative
    an advocate for someone else's policy or purpose
  20. coordinator
    someone whose task is to see that work goes harmoniously
  21. absolute
    complete and without restriction or qualification
  22. comparative
    involving the examination of similarities and differences
  23. favorable
    inclined to help or support; not antagonistic or hostile
  24. currency
    the metal or paper medium of exchange that is presently used
  25. confidence
    a feeling of trust in someone or something
  26. political
    involving or characteristic of governing or social power
  27. stability
    a constant order, especially of society
  28. literacy
    the ability to read and write
  29. emerging
    coming into existence
  30. interdependence
    a relation between entities that rely on each other
Created on Thu Oct 20 16:37:57 EDT 2016 (updated Thu Oct 27 11:42:19 EDT 2016)

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