Mind map
Trade & Globalization
Map content
Trade & Globalization
Specialisation
- Comparative advantage
- Effectively and efficiently
- cost benefits
- Country focuses on producing what they good at
- High quality goods
- Effectively and efficiently
- Increase employment
- Promote economic growth
- Over specialisation
- world demand fall
- workers at risk of losing jobs
- Cheaper imports may destroy their market.
- Reduced economic diversity
- world demand fall
- Comparative advantage
Sales & Profits
- Grow Your Business
- Increase sales
- Better margins
- Increase sales
- Lower opportunity cost
- Increase profit
- Lower
- Exchange rate risks
- Exchange rate fluctuation
- Effect the asset and liability
- Lose profits
- Effect the asset and liability
- Exchange rate fluctuation
- Grow Your Business
Stimulate the economy
- More taxes collect by government
- Increase the standard of living
- More income and jobs
- More competition
- Inflation
- Higher interest rate
- Weaker dollor
- More taxes collect by government
Information
- Description
- Grade 12 International Business Mind Map on Trade & Globalization, created by Erica Yutong Zhao on 18/09/2018.
- Created by
- Erica Yutong Zhao
- Views
- 0
- History
-
- Created by Erica Yutong Zhao · Sep 17, 2018
- Copied by Erica Yutong Zhao · Sep 17, 2018
- Copied by Erica Yutong Zhao · Sep 18, 2018
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