Theme 4 Economics > More Globalisation > Flashcards

More Globalisation Flashcards

(3 cards)

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1
Q

International competitiveness

A

Measures the relative cost and value of a countries exports

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2
Q

3 factors of international competitiveness

A

Unit labour cost
Relative export prices
Export prices compared to import prices

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3
Q

Lorenz curse

A

Graphical representation of income or wealth distribution
% of income as Y % of population as X

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Theme 4 Economics
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