Global Economy Flashcards
1
Q
GDP (Gross Domestic Product)
A
Measure of the total output of the economy - all goods and services
2
Q
Other ways to measure economic growth
A
Literacy rate
Healthcare system - quality of health care, infant mortality rate, average life span
Human Development Index (HDI) - measure of average school years, income, life expectancy
3
Q
Push Factors for business
A
Push factors motivate a firm to look at business opportunities in other countries.
Push factors are often threats to a firm’s profitability and survival in their current market.
Saturation and competition, are push factors.
