balance of payments
noun
the difference between the amount of money a country pays to foreign countries and the amount it receives from them
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noun
the difference between the amount of money a country pays to foreign countries and the amount it receives from them
noun
the difference between the value of all the goods a country sells to foreign countries and all the goods it buys from them
noun
an official action that is intended to prevent people or goods from moving from one place to another
noun
an economic organization, usually consisting of several countries, whose aim is to encourage free trade between its members
noun
a system by which farmers and producers in developing countries (=poorer countries with less industry) who trade with richer countries are paid fair wages, receive fair prices for their goods, and are encouraged to take care of the environment
noun
a system of international trade in which companies do not have to pay high taxes on the goods bought from or sold in other countries
noun
General Agreement on Tariffs and Trade: an international trade agreement and organization replaced by the world trade organization
noun
the International Chamber of Commerce: an international organization of business owners
noun
a person, company, or country that brings goods into their country in order to sell them
verb
to bring something such as a plant or animal into a country or environment for the first time
noun
the process of bringing something such as a plant or animal into a place or environment for the first time
noun
one of the countries that a particular country agrees to give the most advantages to in its international trade
the Organization for Economic Cooperation and Development: a group of rich countries that work together to increase world trade
verb
to bring back into your country goods made in other places from materials that originally came from your country
noun
an official order to stop communication, trade, etc. with a country that has broken international law
noun
a measurement of a country’s position in international trade, which compares the prices of the goods it sells to other countries with the prices of the goods it buys from other countries
noun
money given to a country or area where people need it, but they have to agree to spend it only on goods and services provided by the country or organization that has given the money
noun
a situation in which a country is buying more things from other countries than it is selling to them
noun
a situation in which a country is selling more to other countries than it is buying from them
adjective
undeclared goods are goods that you bring illegally into a country without telling the customs authorities
an international organization that controls trade between countries
the world trade organization
noun
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a percussion instrument used by football fans which makes a rattling sound when shaken
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… the decision to treat the rights and duties of a company as being the same as the rights and duties of its shareholders
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