Flashcards
2016 CASE STUDY
Cards in this deck (17)
- 1GlobalisationThe processes that have resulted in ever-closer links between the world's economies
- 2MigrationThe movement by people from one place to another with the intentions of settling temporarily or permanently in the new location
- 3Foreign Direct Investmentinvestment made by a multinational corporation in a country other than where its operations originate
eg. establishment of production processes abroad - 4Trade BarriersMeasures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services
- 5Specialisation (globally)Countries produce certain goods for which they hold a comparative advantage and then trade them with other countries
- 6Current AccountIncludes money flows due to trade, transfers of interest, profit & dividends and transfers of money by govs & international organisations
- 7Exchange RateThe value of one currency in relation to another
- 8Terms of Tradethe price of a country's exports relative to the price of its imports
- 9Remittancefunds sent by an expatriate to his/her country of origin
- 10Povertywhen income is below the level that would allow someone to enjoy some agreed minimum standard of living
- 11Long-run economic growththe rate at which the economy's potential output could grow as a result of changes in the economy's capacity to produce goods and services
- 12Short-run economic growththe actual annual percentage increase in an economy's output
- 13Resource nationalisationthe tendency of people and governments to assert control over natural resources located on their territory
- 14Commoditya raw material or primary agricultural product that can be bought and sold, such as copper or coffee
- 15Geographical immobility of labourbarriers to the movement of workers between different areas
- 16Occupational immobility of labourbarriers to workers changing occupations
- 17—
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- A level Economics Flashcards on 2016 CASE STUDY, created by erikacotton on 01/02/2016.
- Created by
- erikacotton · Feb 2016
- Updated
- Feb 19, 2016
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