Economy
Is the state of a country or region in the terms of the production and consumption of goods and services and the supply of money.
It is a careful management of available resources and offering good value for money.
Trade
This is the action of buying and selling goods and services.
Trade is known as exchanging something for something else or to give and receive.
Trading doesn't only benefit you but it benefits the other person you are trading with.
An example of trade would have to be
Globalisation
the process by which businesses or other organisation develop international influence or start operating on an international scale.
In term 4 we studied a NZ Export product, the product in which I chose to research about was alcohol and the NZ company I studied was Liquorland. I found out how much the shipping costs were from one country to another, the retail price for the products in different countries and Japan has the most expensive alcohol in the world. To date there are 300+ Liquorland stores in NZ.
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