Explain the Following Terms

question 221

Essay

Explain the following terms:
Bottom-up Change
Top-down Change
Transformational Change
Incremental Change

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Definitions:

Free Trade

The absence of tariffs, quotas, or other governmental restrictions on international trade, allowing goods and services to move freely across borders.

Developing Countries

Nations with a lower level of industrialization, lower income per capita, and usually lower standards of living, often working towards more advanced social and economic status.

Economic Openness

The extent to which a country allows for the free flow of goods, services, and capital across its borders.

United States Agency

Generic term for any of various organizations of the United States government, responsible for specific functions.