globalasation Flashcards
1
Q
what is globalasatin?
A
Globalasation is the breaking down of trade barriors for free movement of goods and services
2
Q
what is the concept of free trade??
A
A trade policy that does not restrict imports and exports of goods
3
Q
what does WTO stand for???
A
world trade organization
4
Q
names a country that is part of the Brics
A
Brazil
5
Q
what does the term Trade Block mean?/
A
it is a trade agreement that a group of countries come together to have a trade agreement
