Sunday, July 20, 2008

Vocabulary for Economics Unit

The following list contains terms that we discussed in some depth: 

corporation
cooperative
multinational/transnational corporation (MNC/TNC)
free trade
fair trade
international trade
World Trade Organization (WTO)
General Agreement on Tariffs and Trade (GATT)
globalization
International Monetary Fund (IMF)

(If you didn't get the definitions down, investopedia.com has good definitions for these terms.)



Other terms that we discussed in less depth: 

market
macroeconomics
microeconomics
supply 
demand 
shareholders

(These definitions can be found in your economics section of your binder.)

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