4.2.3 Assessment of country as production location Flashcards
1
Q
What is reshoring?
A
bringing production back home after using foreign production facilities
2
Q
2 reasons why labour is a factor in deciding where to produce?
A
They may need training - adding cost
ease with which labour can be hired or fired is important
3
Q
Why does weak infrastructure hold up economic development?
A
economic growth requires transport, a weak infrastructure slows down transport systems
4
Q
Intellectual property rights?
A
allows business to own and inventions and have patents
5
Q
Commodities?
A
raw manufactured goods that are traded in bulk eg iron or sugar
