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Question		Answer
barriers to trade start learning		Something that makes trade between two countries more difficult or expensive for example tax on imports.
competition start learning		An activity of trying to sell more and be more successful.
competitive advantage start learning		Is something that makes one particular country or economy more likely to succeed than others.
deregulation start learning		Is the removal of controls and restrictions in a particular area of business or trade.
domestic market start learning		Is the market which exists within a particular country.
dumping start learning		An activity of selling products in an export market cheaper than in the home market or cheaper than they cost to make usually in order to increase market share.
economy of scale start learning		Saving money by producing goods in large quantities.
free trade start learning		Is a system which allows certain countries to buy and sell goods from each other without any financial restrictions such as taxes.
laissez-faire start learning		The idea that government should does as little to the economy as possible and allow private businesses to develop without the state controlling or influencing them.
liberalization start learning		Is the process of making laws less strict so that people or companies have more freedom.
market leader start learning		Is a company that sells more of a particular product or service than most of its competitors do.
market segment start learning		A group of consumers that share similar characteristics such as age income interests social class.
multinational start learning		A company that has branches or owns companies in many different countries.
rival or competitor start learning		A person business or organization you competing against in the same area for the same thing.
subsidy start learning		Is money paid by a government or organization to make something cheaper to buy use or produce.

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