Definitions

Economy

Economy is the wealth and resources of a country or region, especially in

terms of the production and consumption of goods and services.

Entrepreneur

An Entrepreneur is a person who starts a business and assumes full

responsibility for it

NAFTA

The North American Free Trade Agreement, also called NAFTA,

eliminates trade taxes and numerous other things.

Imports

Imports are goods or services that come into a country

Exports

Exports are goods or services that exit a country

Domestic Trade

Domestic trade is trade that happens within the borders of a

country

International Trade

International trade is trade that happens with more than one

country

Tourism

Tourism is travel for recreational,  leisure or business purposes.

Trade Surplus

Trade surplus occurs when a country exports more than it

imports

Trade Deficit

Trade deficit occurs when a country imports more than it

exports