The Business Environment

 Impacts in the business environment 

 

Tariffs 

A tax that is applied to certain groups of products being imported. 

Quotas 

A government-imposed trade restriction. 

Bilateral 

The exchange of goods between two countries. 

Sanctions 

Restriction of goods from one specific country, usually through political means. 

Embargo 

An official ban on trade with a specific country. 

Inflation 

The increase in prices, due to the worsening of the economy. 

Recession 

When the economy of a country is reduced. 

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