1. 
International sellers and buyers must be
able to calculate a foreign exchange rate to
be able to sell their goods properly.

2. 
Fair Trade


A policy of ensuring that small producers in
developing nations earn sufficient profit on
their exported goods.
Respecting Other Cultures

Entrepreneurs who wish to engage in
international trade need to respect:
beliefs, language, beliefs, attitudes, customs, ma
nners and habits.

3. 
Local Economy:


Covers a limited area, such as a community or
town.
Entrepreneurs Benefit Local Economies By:


Purchasing materials and supplies from local
merchants.
Opening an account at a local bank.

4. 
Entrepreneurs Benefit Local Economies By:






Joining a local business association.
Paying local taxes that benefit schools and
public services.
Investing in local businesses.
Donating money or time to local charities.
Hiring local employees.
Supplying goods and services to local
consumers.

5. 

It is important that economic development
doesn’t harm the environment but ensures
that human and natural resources are there
for future generations.
This is called sustainable economic
development, or sustainability.

Goal to maintain and improve human life for
generations.