European Economics Word Scramble
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| Term | Definition |
| Monarchy | When a person is born into royalty |
| Physical | A natural trade barrier |
| Political | A political trade barrier placed on a country or good by another country |
| Embargo | When one country refuses to trade with another country |
| Blockade | When one country completely surrounds another country city, country, or port, and they do not allow good to enter or leave that country. |
| Quota | A limit placed on the amount of goods that may be brought imported a country to encourage production within that country |
| Tariff | A tax placed on an imported good. |
| Import | Goods coming into a country |
| Export | Goods going out of a country |
| Specialization | When a country produces one main export or crop |
| Diversity | To add variety |
| Literacy Rate | The percentage of people that can read and write |
| G.D.P. | The overall well-being of a nation (How wealthy and healthy it is) |
| IDK | The total amount of goods and services produced in a country per year. |
| Human Capital | The people and the skills they use to make a product |
| Capital Goods | The items used to make a product. These include factories, buildings, machinery and technologies. |
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shivani2002
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