vocab Flashcards
1
Q
productive capacity?
A
Productive capacity is the maximum output that an organization can produce in a given period under normal conditions.
2
Q
Division of Labor
A
is the way work task ore separated
3
Q
Specialization
A
4
Q
market
A
a system in trade
5
Q
Global Economy
A
6
Q
Interdependence
A
7
Q
Exports
A
8
Q
Imports
A
9
Q
Trading Partners
A
10
Q
What is financial security?
A
Financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future.
11
Q
What is a trading partner?
A
A trading partner is an entity with which a business engages in commercial transactions.
