Please Define the Following Key Terms

question 9

Essay

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

Comprehend the balance of trade and its effects on a country’s economy.

Recognize the significance and calculations of gross domestic product (GDP).

Distinguish between different trade dynamics, including surpluses and deficits.

Identify the leading exporters and importers in global trade.

---

Definitions:

Organized Crime

Crime committed by structured groups typically involving the provision of illegal goods and services.

Internet Gambling

Placing bets or wagers on games of chance or skill, typically using the internet or other forms of digital communication.

Billion Dollars

A monetary unit equal to one thousand million dollars, often used to indicate a vast amount of wealth or cost.

Spent

Refers to the state of having used or exhausted energy, money, or resources.