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Chapter 4: Global Opportunities
Vocabulary for Chapter 4: Global Entrepreneurship
7
Business
10th Grade
03/15/2013
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Term
Global economy
 Definition
The interconnected economies of the nations of the world.
Term
Exporting
 Definition
The selling and shipping of goods to another country
Term
Importing
 Definition
Buying or bringing in goods from other countries to sell.
Term
Trade Barrier
 Definition
A restriction on goods entering or leaving a country
Term
Tariff
 Definition
A type of trade barrier; taxes imposed by a government on imported or exported goods.
Term
Gross Domestic Product (GDP)
 Definition
The total value of all goods produced during the year.
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