1
Q
What is globalisation?
A
The process by which economies are becoming increasingly intergrated, interconnected and interdependent
2
Q
3-5 characteristics of globalisation?
A
- Reduced protectionism
- Employment opportunities because of MNC’s
- More competition encourages efficiency and innovation from firms
- Freer movement of labour
- Innovative ideas, knowledge and technology can be shared more
3
Q
What are economic indicators?
A
Indicators are typically economic data/statistics that indicate current or future prospects for economic growth
Business
flashcards
Decks in class (15)
# Cards
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Random18
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Globalisation3
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FDI (Foreign Direct Investment)14
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Key Terms - Competitive Environment4
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Key Terms - Legislation8
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Key Terms - Quality7
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Key Terms - Stock Control8
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Key Terms - Capacity Utilisation7
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Key Terms - Production, Productivity And Efficiency18
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Key Terms - Theme 2 (Liquidity)18
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Key Terms - Theme 2 (Profitablilty)11
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Key Terms - Theme 2 (Budgets)8
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Key Terms - Theme 136
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Motivation Theories4
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Forms Of Busniesses7
