Economic Effects Flashcards
1
Q
Positive multiplier effect from …
A
Process of cumulative causation
2
Q
Why should efficiency and world growth of the economy improve
A
Innovations in medicine, education, social policies and management levels (with world standards rising)
3
Q
Merging
A
Merging with small companies in order to become more influential on the national market (+increased foreign investment)
4
Q
Crowding out
A
TNCs produce at a cheaper price = unrealistic competition = crowding out (domestic decrease)
