Economy - Refers to a system of production, consumption, and sale of goods and services within a country or region that determines how resources are allocated among all the participants, Global Economy - Integration of economies around the world into one system, Investing - Putting money into countries and businesses with the aim of making a profit , GDP - Monetary value of all goods and services produced within a country over a given period of time, E-commerce - Buying and selling of goods and services over the internet, Livelihood - Way people earn the money to pay for necessities such as food, housing, clothing, Free trade - Tariffs are removed or reduced between trading countries, Tariffs - Taxes imposed on imported goods, FDI - Business from one country may set up their operations in another country, or invest in businesses of another country,

Chapter 9

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