International Market

Liberalize

• to make rules or controls on something less strict

• a tax on goods coming into a country or going out of it

• to do something that needs to be organized and planned

• an amount of something that is officially allowed or expected in a particular period of time

Tariff

• another word for rules

• to do something that needs to be organized and planned

• organization formed in 1995 to set rules on international trade

• a tax on goods coming into a country or going out of it

Subsidy

• to become involved in a new job or business activity

• money that is paid by a government to make something such as a particular food or product cheaper to buy, use or produce

• if you impose, you make trade more difficult

• government department responsible for collecting taxes on goods

Deregulation

• an amount of something that is officially allowed in a particular period of time

• to do something that needs to be organized and planned

• reducing and removing the number of government controls on a particular business activity

• money that you pay to the government

Dumping

• selling products cheaply in an export market perhaps in order to increase your share of the market there

• government department responsible for collecting taxes on goods

• another word for rules

• the principle that the government should allow the economy or private business to develop without any state control or influence

Laissez-faire

• another word for rules

• an amount of something that is officially allowed or expected in a particular period of time

• the principle that the government should allow the economy to develop without any state control or influence

• money that you pay to the government

Customs

• a type of intergovernmental agreement where barriers to trade are reduced among the participating states

• government department responsible for collecting taxes on goods

• an amount of something that is officially allowed in a particular period of time

• money that you pay to the government

Quota

• organization formed in 1995 to set rules on international trade

• to make rules or controls on something less strict

• a tax on goods coming into a country or going out of it

• an amount of something that is officially allowed or expected in a particular period of time

WTO

• organization formed in 1995 to set rules on international trade

• reducing and removing the number of government controls on a particular business activity

• government department responsible for collecting taxes on goods

• to become involved in a new job or business activity

Trading bloc

• a tax on goods coming into a country or going out of it

• selling products cheaply in an export market perhaps in order to increase your share of the market there

• a type of intergovernmental agreement where barriers to trade are reduced among the participating states

• an amount of something that is officially allowed or expected in a particular period of time