economic change Flashcards
1
Q
Global shift
A
movement of manufacturing from one region to another
2
Q
NIDL
A
New International Division Of Labour
different productions distributed across different regions for efficiency
3
Q
outsourcing
A
hiring cheaper labour outside of the region or company
4
Q
Deindustrialisation
A
the reduction of industry in a country
5
Q
economic growth/ decline
A
growth is increase in industry productivity and wealth where as decline is the opposite
6
Q
globalisation
A
exchange of human goods all over the planet
