Terminology


 * ==== Gross domestic product (GDP)  is related to the amount of money in the market that a country gives to world output in goods and services in a specific time. That will depend of products worth and nation is responsible to consider the value of the one result from production -labour-.The society’s necessities and consumption are extremely involve in that term, because these are the basic principle to evaluate the products' level of importance in the economy system. With GDP, we could have an idea about the standard of living in one country. ====

 -4.8% (2008 est.)
[|Venezuela GDP - Real Growth Rate]  (To see graphics and more detail s). **Note:** This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent.


 * ====Multinational Corporation (MNC) or Multinational Enterprise (MNE)  is an international organization that supervise and take control of the complete process in the exchange of products and services. It can be conformed by two or more countries. ====

==== //"Multinational has its roots in the modern entrepreneur need to produce an ever more goods using the industrial and distribution facilities, thus reducing costs"// (2005). ====


 * ==== Labour  is when a person has to do some activity that needs physical or mental effort to obtain money. One might say that //__labour__// is including on factors of production. ====

= = ====How much do you know about labour market? ==== ==== The **labou****r market** is where businesses hire workers. A business needs people to help the day to day running of the operation. The amount of labour needed depends on whether the business is a labour intensive or capital intensive. ==== ==== A business that needs more people and less machinery is known a **labour-intensive** business. Hairdressing, house building, teaching and the fashion industry are examples of labour intensive industries. ====


 * ====International Economics: study topics about economics between countries.. There are borders that limit nations in the world so laws, currency and inclusive culture and language are different. For that reason, in this field has existed some kinds of difficulties that do transactions and interactions more complex than trade inside a same country. Besides, consumption and production of resources change affecting organizations and enterprises. ====



====<span style="display: block; font-family: Arial,Helvetica,sans-serif; text-align: center;"> The international economics' appliances are: movement economy according to country's capacity buying, put capital in a project to obtain an increase in a near future and exchange goods and services. ====


 * **Word** || **Spanish equivalent** || **English meaning** ||
 * Expertise || Pericia/Habilidad || A high level of knowledge or skill ||
 * Surplus || Excedente/Superávit || The amount of money you have left when you sell more than you buy, or spend less than you have ||
 * Retaliate || Tomar represalias/Contraatacar || To hurt someone or do something harmful to them because they have donde or said something harmful to you ||
 * Customs || Aduana || The support given to a business, especially a shop, by the peolple who buy things or services from it ||