1
Q
Globalisation
A
Flow of goods, services, people and knowledge across borders, interdependence of economies upon one another, interconnections between the countries of the world (Treat the world as one large market).
2
Q
Multinational corporation (MNC)
A
A company that has an established presence in a country other than its home country.
Economics
flashcards
Decks in class (18)
# Cards
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Chapter 1.1 – Economics As a way of thinking6
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Chapter 1.2 – Economic Concepts of Scarcity and Choice7
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Chapter 1.3 – Economic, Social and Environmental Sustainability6
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Chapter 2.1 – The Market Economy26
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Chapter 2.2– The Consumer13
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Chapter 2.3 - The Firm (Costs, Economies of Scale, Revenue)15
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Chapter 2.4 – Government Intervention in the Market5
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Chapter 3.1 – Market Structures21
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Chapter 3.2 – The Labour Market23
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Chapter 3.3 – Market Failure4
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Chapter 11 – National Income23
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Chapter 12 – Fiscal Policy and the Budget Framework27
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Chapter 13 – Employment and Unemployment7
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Chapter 14 – Monetary Policy and the Price Level8
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Chapter 15 – The Financial Sector2
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Chapter 16 – Economic Growth and Development3
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Chapter 17 – Globalisation2
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Chapter 18 – International Trade and Competitiveness21
