1.

Global market: a market for something that exists

throughout the world.

2. Deregulate: remove regulations or restrictions from.

3. Balance of payment: the difference, over a period time,

between the payments it makes to other countries for
imports and the payments it receives from other countries
for exports.

4. Trade deficit/surplus: an amount by which the cost of a

country's imports exceeds the cost of its exports./ an
amount by which the cost of a country's exports exceeds
the cost of its imports.

5. Primary sector: consists of industries which produce raw

materials.

6. Industrial sector: consists of industries which produce things

from raw materials.

7. Tertiary sector: consists of industries which provide a

service.

8. Private sector: consists of industries and commercial

companies that are not owned or controlled by the
government.

9. Public sector: consists of industries and commercial

companies that are owned or controlled by the
government.

10. Stakeholder(주주): people who have an interest in a

company’s affairs.
11. Over heads(간접비): businesses’ regular and essential
expenses.

12. Cash flow: the movement of money into and out of it.

13. Break-even point: the statement when the total revenues

equal total expenses.

14. Sole proprietor: a type of enterprise that is owned and run

by one person.

15. Partnership: relationship in which two or more people

work together as a partner.

16. Limited liability company: a company whose owners are

legally responsible for only a part of any money.

17. Holding company: a company that has enough shares in

one or more other companies to be able to control the
other companies.

18. Subsidiary: is a company which is part of larger and more

important company.

19. Parents company: the same meaning as subsidiary.

20. Wholly owned subsidiary: a company whose shares are all

owned by another company.

21. Sister company: two or more companies which are owned

by the same parent organization.

22. Associated company: a company in which between 20%

and 50% of the shares are owned by another company or
group.
23. Takeover: the act of gaining control of a company by
buying more of its shares than anyone else.

24. Invisible import/export: