Trade
* Some trades also have a master, which higher level of skilled worker.
* allows people to specialize in what they do best.
* are the learning of the soul in nature by labor.
* big issue in economic growth.
* brings economic growth, and with it, employment.
* can be binding contracts that call for the future exchange of items.
* causes the output of the export good to rise and that of the import good to fall.
* continues to be an engine of economic expansion for many countries of the world.
* contributes to a strong economy and a strong economy requires a healthy environment
  - economic growth, overall income and employment over time
* creates wealth.
* denotes an exchange of things.
* descriptive cultural model used in the culture historical approach.
* determines the mix of jobs.
* does affect the distribution of income.
* enables all countries to gain through exchange and specialization
  - countries to produce more of what they are good at and buy other products in return
* form of exchange
  - structured communication
* grows between Europe, the Middle East, Africa, the Subcontinent, East Asia and Oceania
  - rapidly, but is still a minority part of the economy for most countries
* helps countries focus on producing what they do best
  - to enrich nations too poor to improve their environment and working conditions now
* implies exchange of ideas and information with trade partners.
* includes imports as well as exports.
* increases incomes even if trade accounts are in deficit and no new jobs are created.
* involves many different countries and products.
* is about production and consumption
  - the exchange of goods and services for money
* is also an engine for growth
  - essential for economic growth in developing nations
  - vital to the growth of value-added and processed foods and feedstuffs
  - beneficial because it permits people to specialize in what they do best
  - both a tool to encourage a richer world and to make a better world
  - commerce
  - commercial exchange for mutual gain
  - done for acquiring gains, profits and wealth
  - duty-free and lack of taxation is attractive to foreign investment
  - especially important for developing nations
  - exchanges
  - extremely important to the farm economy
  - important to improving the global environment
  - increasingly the bigger part of what makes the economy work
  - integral to the process of globalisation
  - like the circulatory system of the body
  - now just as important a factor as military strength in determining who rules the world
  - occupations
  - of continuing importance for both developed and developing countries
  - often justified on the basis that it helps poor countries to develop
* is one activity where the interests of all nations intersect
  - component of a policy framework for growth, poverty reduction and development
  - of the best things that countries can do with each other
* is only one factor in job dislocation in the United States
  - one-tenth of the value of financial markets globally
  - possible when there's something to trade
  - supposed to increase wealth
  - synonymous with commerce and with commerce comes profit
  - very important to Japan's economy
  - where foreign and domestic policies meet
* language that people understand.
* lifts people out of poverty.
* means imports as well as exports.
* motor of economic wealth.
* naturally occurring process.
* occurs because of differences in endowments between countries
  - between individuals, organizations, and nations
* often allows large corporations to create monopolies around the globe
  - precedes the forward march of civilization
* plays a large role in the local economy.
* powerful engine for economic growth
  - of economic growth, however, it can also fuel massive inequalities
* promotes economic growth, which enlarges the pie for everyone to share
  - peace between countries
  - prosperity
* requires search, negotiation, and exchange, which are activities that absorb resources.
* series of mutually beneficial exchanges between companies and individuals.
* significant instrument for economic growth.
* takes place in a complex social and economic environment
  - time and involves some form of money or credit
* way of life.
* works because it powerful engine of economic growth
  - puts people to work and creates jobs
+ National Basketball Association, Regular Season: Basketball leagues
  * Before the trade deadline, teams can trade players. This can cause changes in the balance of power. Team bosses want to get the best players for their team. Other bosses want to lower their costs. Trades often happen on the last day.