Business and Economic Concepts

Front

Refers to business transactions crossing national borders at any stage of the transaction.

Back

International Business

Front

The growing economic interdependence of countries worldwide.

Back

Globalization

Front

A business model that describes the full range of activities needed to create a product or service.

Back

Value Chain

Front

The widespread adoption and use of a particular technology.

Back

Technology Diffusion

Front

Farming that produces only enough food to feed the family or workers.

Back

Subsistence Farming

Front

Farming that produces enough food for the masses; farming for profit.

Back

Commercial Farming

Front

Refers to less populated areas found outside a city.

Back

Rural

Front

Refers to highly populated areas with industries.

Back

Urban

Front

The philosophy that emphasizes laissez-faire and minimal government intervention.

Back

Capitalism

Front

The philosophy where government controls economic growth and development.

Back

Communism