International Trade
Trade is the buying and selling of goods and services. The products that are exchanged are things that people grow or make, like f…
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Money
Money is something that is very difficult to explain . People in various cultures think of money in different ways. A London banke…
Capitalism
Capitalism is an economic system in which private people, not the government, own and run companies. These companies compete with …
Globalization
Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac…
Global Economic Crisis
In 2008 a great economic crisis led to arecessionof theeconomiesaround the world. What began as a credit crisis turned out to be t…
Stocks and the Stock Market
The stock exchange is a marketplace where brokers buy and sell stocks and bonds for other people. Many countries have one or more …
Credit Rating Agencies
A credit rating agency is a powerful company thatrateshow good you are in paying back yourdebts. It ratesbusinesses, privateindivi…
Banks and Banking
A bank is a company that works with the money that the people give it. If you give your money to a bank, it not only protects it b…
The World's Oil Cartel
OPEC is the Organization of Petroleum Exporting Countries. It was founded in Bagdad in 1960 and has currently 11 members. OPECs ai…
Swiss Banks
Switzerland is not only well-known for chocolate and its watch-making industry. It is also famous for its unique banking and finan…
