Key words
When people, goods, ideas and money move across borders.
What is Globalisation
The buying and selling of goods and services
What is trade?
A business that operates in many countries.
What is a TNC?
A renewable resource
What type of resource is wind?
A Low Income Country. Give an eg
What is an LIC?
The production, distribution and use of goods and services
What is the economy?
The relationship between how much is available and how people want is called.
What is Supply and Demand?
A High Income country. Give an eg.
What is a HIC?
A product allowed into a country to sell.
What is an import?
A product sold to another country.
What is an export?
Name 2 large businesses that trades around the world.
What is a Trans National Corperation?
When businesses move jobs to another country to save costs.
What is outsourcing?
An organistion that helps countries agree on trade rules worldwide.
What is the World Trade Organisation?
A tax placed on goods imported in a country.
What is a tariff?
Moving away from one country to the next.
What is migration?
The movment of cultural ideas between societies.
What is cultural diffusion?
The concept of protecting types of life on Earth.
What is Conservation?
Using facts and numbers to explain an idea.
What are statistics?
A nonrenewable resource.
What type of resource is coal?
The selling of products on a large scale.
What is commercialisation?
The opposite of cultural diffusion.
What is cultural isolation?
A way of life centered on buying and using goods.
What is consumerism?
The amount of carbon dioxide a person or country produces.
What is a Carbon Footprint?
The worldwide system of trade and finance.
What is the global economy?
Meeting todays needs without harming future generations.
What is Sustainability?