Flashcards
Untitled
Cards in this deck (5)
- 1GlobalizationAnthony Giddens: the intersection of worldwide social relations that link distant localities in such way that local happenings are shaped by event occurring many miles away vice versa.
- 2Economic SystemsThe rules, mechanisms, institutions, and systems of relations through which goods and services are distributed and people get what they want.
- 3Free TradeThe removal of barriers to the free flow of goods and capital between nations by eliminating import and export taxes as well as subsidies paid to farmers and business people. It may also mean reducing environmental or social laws when they restrict the flow of goods and capital.
- 4Market externalitiesCosts that are not included in the prices people pay, such as health risks and environmental degeneration.
- 5—
Information
- Description
- Flashcards on Untitled, created by chalainahainswor on 25/11/2015.
- Created by
- chalainahainswor
- Views
- 0
- Rating