Globalisation can be defined as the ever increasing integration of the world’s local, regional and national economies into a single international market.
There are a number of features of globalisation. These include:
• The free movement of goods and services between countries.
• The free movement of labour between countries.
• The free movement of capital between countries. This refers to both direct and portfolio investment.
• The free movement of technology between countries.
• Global brands.
lydiajane74 answered the question on July 4, 2018 at 14:07
-
Critically examine the view that oligopoly is the least desirable market structure
(Solved)
Critically examine the view that oligopoly is the least desirable market structure
Date posted:
July 4, 2018
.
Answers (1)
-
Explain the difference between competition and collusion.
(Solved)
Explain the difference between competition and collusion.
Date posted:
July 4, 2018
.
Answers (1)
-
Evaluate the range of policies the government could use to reduce the negative impact of economic activity on society
(Solved)
Evaluate the range of policies the government could use to reduce the negative impact of economic activity on society
Date posted:
July 4, 2018
.
Answers (1)
-
Explain how an economist measures the social cost of production.
(Solved)
Explain how an economist measures the social cost of production.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain why, in theory, perfectly contestable markets result in an efficient allocation of resources.
(Solved)
Explain why, in theory, perfectly contestable markets result in an efficient allocation of resources.
Date posted:
July 4, 2018
.
Answers (1)
-
Critically examine the view that governments should never take action to reduce income inequality
(Solved)
Critically examine the view that governments should never take action to reduce income inequality
Date posted:
July 4, 2018
.
Answers (1)
-
Analyse some of the policies the government could use to reduce income inequality.
(Solved)
Analyse some of the policies the government could use to reduce income inequality.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain what is meant by inequality in income and wealth
(Solved)
Explain what is meant by inequality in income and wealth
Date posted:
July 4, 2018
.
Answers (1)
-
Explain the main uses of estimates of cross price elasticity of demand.
(Solved)
Explain the main uses of estimates of cross price elasticity of demand.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain what is meant by cross price elasticity of demand.
(Solved)
Explain what is meant by cross price elasticity of demand.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain what is meant by the efficient use of scarce resources
(Solved)
Explain what is meant by the efficient use of scarce resources
Date posted:
July 4, 2018
.
Answers (1)
-
Analyse why focusing on one macroeconomic policy objective may make it more difficult to achieve another.
(Solved)
Analyse why focusing on one macroeconomic policy objective may make it more difficult to achieve another.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain the main macroeconomic policy objectives of a government.
(Solved)
Explain the main macroeconomic policy objectives of a government.
Date posted:
July 4, 2018
.
Answers (1)
-
Evaluate the view that a government should always maintain a balanced budget.
(Solved)
Evaluate the view that a government should always maintain a balanced budget.
Date posted:
July 4, 2018
.
Answers (1)
-
Analyse why an economy’s aggregate demand curve slopes downwards from left to right.
(Solved)
Analyse why an economy’s aggregate demand curve slopes downwards from left to right.
Date posted:
July 4, 2018
.
Answers (1)
-
Explain the main components of aggregate demand
(Solved)
Explain the main components of aggregate demand
Date posted:
July 4, 2018
.
Answers (1)
-
What's the relationship between scarcity, choice and opportunity cost
(Solved)
What's the relationship between scarcity, choice and opportunity cost
Date posted:
July 2, 2018
.
Answers (1)
-
Describe secondary workings, primary standards, secondary standards and and international units
(Solved)
Describe secondary workings, secondary standards, primary standards and international units
Date posted:
June 28, 2018
.
Answers (1)
-
Outline the causes of depletion of natural resources.
(Solved)
Outline the causes of depletion of natural resources.
Date posted:
June 27, 2018
.
Answers (1)
-
State and explain classification of natural resources
(Solved)
State and explain classification of natural resources
Date posted:
June 27, 2018
.
Answers (1)