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A financial report that shows a business's revenue and expenses over a period of time

Good or service bought from another country

Value of a country's overall output of goods and services

Describes a situation in which a change in the price of a product creates a change in the demand

Tangible product purchased for use by a business

The people who work for a company/organization; the department responsible for managing matters related to employees

Combining of two or more entities into one, through purchase acquisition or pooling of interests

A ban on all international trade with a specific country

System by which a nation decides how to use its resources to produce and distribute goods and services

Exclusive control over a product or the means of producing it

Assets and liabilities a person leaves when he/she dies

The condition that exists when the amount of a product supplied is equal to the demand

A grant or right to sell a parent company's product or service within a given area

The physical development of a country, i.e. roads, ports, and communication abilities

Money spent in an organization's efforts to generate revenue

The flow of cash or cash equivalents received in exchange for work

Pledging money into securities in order to increase personal or business income

The growth in movement across national borders--as people, ideas, products, services, and capital become interconnected

Total earnings a person or business receives before paying for taxes and other deductions

Economic situation where prices increase faster than the value of the goods and services

Price for which the currency of one country can be traded for the currency of another

Desire which requires a purchase of a good or a service to satisfy

The process of developing, promoting, and distributing products to satisfy customer needs and wants

Annual cost of credit computed as a percentage

Good or service sold to other countries

Describes a situation in which a change in the price of a product has very little or no impact on the demand

Entity designated in a will to carry out the wishes and instructions of the will maker by controlling and distributing assets

Periodic cost that remains unchanged regardless of output level or sales revenue