9 Globalisation

Question 1

emerging economies

Answer 1

rapidly growing economies - emerging economies have huge growth potential but also pose significant risks

Question 2

globalisation

Answer 2

growing integration of the world’s economies

Question 3

intellectual property

Answer 3

People’s knowledge or creative that have a commercial value and are protectable under different forms of copyright

Question 4

monetary system

Answer 4

system of money in a particular country or the world as a whole, and the way that it is controlled by governments and central banks

Question 5

saturate (market)

Answer 5

to offer so much of a product for sale that there is more than people want to buy

Question 6

predator

Answer 6

business that tries to use another’s weakness to get advantages

Question 7

hostile takeover

Answer 7

takeover that the company being taken over does not want to agree to

Question 8

bid

Answer 8

offer to pay a particular price for something (for example, a business)