Emerging Markets Flashcards
1
Q
define emerging markets
A
Emerging markets is a term used to describe a country that is achieving rapid growth as well as industrialisation
2
Q
Define primary sector
A
Extraction of raw materials and farming
3
Q
Define secondary sector
A
Manufacturing goods from primary sector
4
Q
Define tertiary sector
A
Selling of goods and services
5
Q
What are the 5 countries in BRICS
A
Brazil. Russia’s, India, china and South Africa
6
Q
Name 3 opportunities of emerging markets
A
- Larger market size
- Lack of regulations
- New markets with potentially higher disposable incomes
