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Please Define the Following Key Terms

question 2

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-polis


Definitions:

Licensing Agreement

The payment by a local firm to a foreign firm for rights to make or sell its products.

Specified Region

A particular area or district that is delineated for a specific purpose or activity.

World Trade Organization

A global organization whose member nations agree to negotiate and resolve disputes about tariffs and trade restrictions.

Free Trade

An economic policy that allows for the unrestricted import and export of goods among countries without the imposition of tariffs, quotas, or other restrictions.

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