Specialization - the process of concentrating on and becoming expert in a particular subject or skill, Explain - make (an idea, situation, or problem) clear to someone by describing it in more detail or revealing relevant facts or ideas., Capital Goods - goods that are used in producing other goods, rather than being bought by consumers., Gross Domestic Product - the total value of goods produced and services provided in a country during one year., Literacy Rate - the percentage of people who are able to read and write, Human Capital - the skills, knowledge, and experience possessed by an individual or population, Standard of Living - the degree of wealth and material comfort available to a person or community., Trade - exchange (something) for something else, embargo - to ban, tariff - tax, Quota - to limit,

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