GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Exports


Synonyms:freight, shipping, transport
Filed Under: financial-banking, investments
Tags: banking, investment
 

Definition of exports

exports
1. Products and services produced in Canada to be sold in other countries.

Related Terms and Acronyms:

  • deficit   When expenses surpass income or liabilities surpass assets.
  • economic growth   The rate of change in output from one year to the next.
  • fiscal deficit   When the government spends more money than it receives in revenue over the course of one year.
  • gross domestic product (GDP)   The total value of all the goods and services produced by the Canadian economy in a single year.
  • gross national product (GNP)   The value of all goods and services accruing to Canadians in a given year. It equals Gross Domestic Product, plus income of Canadians from foreign production, less income from Canadian production earned by non-residents (such as interest and dividends paid to foreign lenders).
  • imports   Goods and services produced in other countries and sold in Canada.
  • North American Free Trade Agreement (NAFTA)   An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
  • surplus   When an entity's income exceeds its expenses.
  • World Trade Organization (WTO)   An organization that promotes free trade between nations.
      ➥  Deals with the global rules of trade between nations.

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