3.6.3 Scenario planning, 4.1.1 growing economies

Question 1

contingency planning

Answer 1

thinking through a plan B in case plan a goes wrong

Question 2

Globalisation

Answer 2

the growth of international trade that has made an increasing number of markets global rather than national

Question 3

Gross Domestic Produce

Answer 3

is the value of all the goods and services produced within an economy over a specific time period such as a year

Question 4

per capita

Answer 4

this means looking at data per head of population, to make it easier to compares statistics from countries of different sizes