Countries
Which country is the largest economy in the world?
United States
Buying products from another country.
Import
A person who starts a business.
Entrepreneur
Famous American fast-food chain with golden arches.
McDonald's
Increase in prices over time.
Inflation
Which Asian country is the biggest exporter of goods?
China
Selling products to another country.
Export
A company owned by one person.
Sole trader
Technology company that makes the iPhone.
Apple
Total value of goods and services produced by a country.
GDP
Which European country is famous for luxury cars like BMW and Mercedes?
Germany
Tax on imported goods.
Tariff
Two or more owners of a business.
Partnership
Online marketplace founded by Jeff Bezos.
Amazon
Money used in Europe.
Euro
Which country is the largest oil exporter in the Middle East?
Saudi Arabia
Money earned from sales.
Revenue
A large international company.
Corporation
Global company famous for electric cars.
Tesla
A period of economic decline.
Recession
Which country is famous for electronics companies like Samsung?
South Korea
When supply is greater than demand
Surplus
A company selling products under another brand.
Franchise
Sports brand with the slogan “Just Do It”.
Nike
Money used in international trade.
US Dollar