unit 1.5 (quizlet version) Flashcards
1
Q
Protectionism
A
policies used by governments to encourage consumers to buy from domestic businesses
2
Q
Domestic businesses
A
Businesses which operate in the UK
3
Q
Quota
A
A maximum amount of imports that can enter a country
4
Q
Tariff
A
A tax on imports
5
Q
Imports
A
Goods that come into the UK from a different country
6
Q
Exports
A
Goods that leave the UK and are consumed in a different country
7
Q
Proximity to the market
A
How close your customers are
8
Q
Footfall
A
The number of people passing a particular location within a given time period
