Globalisation ~ Yr 9 Flashcards

(6 cards)

1
Q

What is globalisation?

A

The process by which the world is increasingly interconnected

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2
Q

What is a transnational corporation (TNC)?

A

Large company that operates in several countries e.g. Nike

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3
Q

What is trade?

A

The exchange of goods, money and services between countries and regions

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4
Q

What is aid?

A

The movement of money and/or resources from 1 place to another in order to help the receiver

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5
Q

What does import mean?

A

Goods bought into a place from another

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6
Q

What does export mean?

A

Goods sold from a place to another

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